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The figures are from Residex, and the charts both start at a median house price of $43K. Remember that this will 'appear' to be higher on the log scale chart, do to the nature of the log. Not trying to prove anything. Just posting a chart of the data. That's what happened. It doesn't prove...

Hi Lisa, Yes, the data is freely available from Residex, for all cities... http://www.residex.com.au/index.php?content=get_indices&from=get_indices_median_table&thestate=NSW&dwelling=H

I don't think it's out of the question, considering that Sydney prices fell 20% in real terms between 2003 and 2008. I believe the Sydney median house price will approach $1M by 2014-2015. These charts may be of some interest... Although I would point out that none of these owners of million...