in connection to price to wage ratio (and from the same...

in connection to price to wage ratio (and from the same article):

"As with inflation and rents, housing prices have also outstripped incomes as well. Unfortunately, the Australian Bureau of Statistics does not provide a long-term median household disposable income series, so the denominator is derived by dividing aggregate real gross household income by the number of occupied households on an annual basis. This results in an unusually high HDI as averages are typically greater than medians, and is further amplified as the HDI is STACKED with artefacts like SUPERANNUATION which cannot be drawn upon to finance debt repayments.

While the outcome is a rather low ratio, it keeps in line with that developed in Stapledon’s 2012 housing paper and shows a substantial increase from 1996 onwards.

A more REALISTIC median measure would result in a higher ratio, and the latest Demographia report shows it to be so."