This was the article I was referring to. As the graphs show, in...

This was the article I was referring to. As the graphs show, in the very long term with inflation adjusted for, the price of premium properties in the Herengracht district has remained the same, because there is a median value around which house values pivot. I think that pivot level is the 3:1 income:house price ratio. . Note houses were cheaper in 1920 than they were in 1830.

I would suggest the post war boom of the 20th century here and in America was akin to the 1815-1880 period in Amsterdam. Great if you bought at the bottom of the cycle. Of course those who bought high in 1880 subsequently found out that houses were a poor investment. I would suggest Oztralia is having its "1880" moment at present.