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The fading Australian dream infographic

House and unit prices vs. earnings four decades ago compared to today.

Also available on McCrindle Plus

Infographic

The fading Australian dream infographic

While national full-time annual earnings have increased over the last four decades, property prices have risen at a significantly faster rate. This infographic tracks median house and unit prices from 1981 to 2026, providing a clear statistical map of the growing disparity between average wages and property costs in Sydney, Melbourne, Brisbane, Perth, and Adelaide.

Key insights:

  • In 1981, median house prices across major capitals ranged from 2.5 to 5 times average annual earnings, whereas by 2026 they escalated to between 10.1 and 16.7 times annual earnings.

  • National average full-time annual earnings increased 6.8 times over the 45-year period, while median house prices grew by more than 22 times.

  • Sydney remains the least affordable market, with the median house price rising 22.7 times to $1,792,000, 16.7 times the average annual full-time earnings.