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Are you saying that median prices should continue to be 3 or 4x median wages ? If so, then I'll take a dozen in both Melb & Perth please :). Do you think anything has changed in the last 40 year to cause the price/income ratio to change ? Is the cost of a car or TV still the same ratio ...

:confused: http://www.rpdata.net.au/ says Perth median is $475K... close to the national median is $455K. And how can only 10% of localities be below the median... surely closer to 50% should be below the median.