property doomed look at graph, page-6

More deluded rantings from one of the perm-a-property bulls


a few NONE CPI figures for you to support the fact

In 1982 the median property price was $41,858 and was 3.72 times the annual average wage of $13,520

5 years latter in 1987 pre stock market crash property had grown by 55.5% to a median price of $65,128 or 3.53 times the annual wage at the time

Post 87 boom that lasted to 1990 saw property grow an further 62.8% or 4.14 times the avarage annual wage

property then stagnated and had minimal growth for a few years tand the ratio between wages and property prices dropped back

By 2003 the average property in Australia was $194,583 which was 5.56 times the average annual wage

5 years latter to the present and property has grown by 90% over the last 5 years to a median average of $370,000 or