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Thanks Keith that is very useful chart :) There are loads more useful charts from RBA http://www.rba.gov.au/chart-pack/household-sector.html

Ever since the Bretton Woods system came to an end in 1971, which made all currencies a pure numbers game, anything is possible. It is all dependent on inflation / interest rate. Since RBA is targetting 2-3% inflation, that is the goal I will be aiming at long term Real house prices in...

Price-Income ratio is one of those useless metrics imo. It gives a false impression of whether housing market is bubble and often used by doom/gloomers 1. It doesn't take into account savings. Eg. someone with 1mil in savings and $0 income buys a 1 mil house will look outrageous in this...

Articles that talks about the aus property as a whole tends to be generalizing too much. Sydney and Melbourne is booming to bubble level while Brisbane Canberra Adelaide is lacking far behind and on different cycle Previous peaks drops related to RBA raising interest rates, which is in turn...