This is the link to Bob Day's original article in the Australian Conservative before News Limited picked it up:
http://australianconservative.com/2013/08/massive-supply-demand-imbalance-puts-home-prices-beyond-reach-of-many/
If you click on the link, He titles this "The most important graph in Australia's History" (News Limited left this out - they didn't want to scare RealEstate.com.au punters - it could adversely effect their 50% holding)
But he did doctor the graph, starting it at 1900 and leaving this important "blue" line out. Here is the original :
Now this is the "The most important graph in Australia's History"
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