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great point, that is probably why the OECD use average rent income to value property (as well as they do with income)

As Michael said income spent in rent is around 30% for very long time, but what about property prices versus rent? 2001 was the last year rent where inline with property prices, here is a chart I bumped in today, it is just up to 2005, would be good to see if now in 2010 rent did catch up with it

whatever you put it that is wrong data. according to abs the household average (mean disposable income was 811$ week 2 years ago (42000k$). link 42k$ by 6.3 makes 264K home price. Even if you take the highest income from ABS table of a couple only with no kids you get 1155$ a week that makes...

don't think so, it mention income ratio, i believe an approximate income ratio is the GDP divided by population, anyway the 6.3 rate of your table and home price of 450K$ would imply an income ratio of over 71K$ don't think that is any close to reality (specially if that is the disposable income)

I might agree with you about australia home price on income not beeing the highest in the world but your list is not even close too: for example if you put aus gdp at 1.2 tril$ and you consider 22 mil people in australia that make close to 55 k$ average income, if you multiply by 6.3 that...