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Taking some figures from the Australian Bureau of Statistics If the weekly wage in 1901 was $4.35, consider how that looks when you're trying to purchase a house worth $244.00. The annual wage might be $226.20 so a house costs just a bit more than the annual wage. These days the rule of...

The other question to ask, is how have property sizes changed and what's expected to happen? There was a time when the average size was a quarter acre block, this is pretty rare nowadays where apartments are often around 50 square meters. Hard to imagine that doubling every 10 years is...