Sorry friend but historically average house prices in aus have been around 3 to 3.5 times the average salary, currently the average salary is approx 50k which in turn equates to an average house price of 150k, you cant buy a house in alice springs for 150k little alone perth sydney melbourne adelaide darwin etc where the average house price is around 400k + or 8x the average annual salary.
here is some research for you-
http://www.smh.com.au/news/business/the-next-recession-will-be-a-humdinger/2006/12/17/1166290413436.html
here is the japanese example
From http://www.intmath.com/Money-Math/3_Math-of-House-Buying.php
House prices, Japan. Index = 100 in 1975:
http://www.henrythornton.com/article.asp?article_id=4460
Some good graphs
http://www.econ.mq.edu.au/research/2004/Abelson_9_04.pdf
Aus house prices for the last 30 years
Long Term Equilibrium Earnings Yields in the Dwelling Property Market
http://wwwdocs.fce.unsw.edu.au/economics/news/postgradseminar/NigelStapledon.pdf
Anyways the above links should make any open minded person worry
Sorry friend but historically average house prices in aus have...
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