{"id":20545,"date":"2019-08-13T09:29:15","date_gmt":"2019-08-12T21:29:15","guid":{"rendered":"https:\/\/propertynoise.co.nz\/au\/?p=20545"},"modified":"2024-03-01T20:54:53","modified_gmt":"2024-03-01T07:54:53","slug":"how-much-houses-cost-in-australian-cities-in-1975","status":"publish","type":"post","link":"https:\/\/propertynoise.co.nz\/au\/how-much-houses-cost-in-australian-cities-in-1975\/","title":{"rendered":"How much houses cost in Australian cities in 1975"},"content":{"rendered":"<p>&nbsp;<\/p>\n<p><strong>PHOTO:\u00a0This picture of Swedish band ABBA attracted enormous attention when it was cabled around the world in 1975. (AAP Image\/ Wolfgong Heilmann)<\/strong><\/p>\n<p class=\"canvas-atom canvas-text Mb(1.0em) Mb(0)--sm Mt(0.8em)--sm\" data-reactid=\"31\">Prices tend to go up over the decades along with incomes, but nowhere is this more evident than in Australian real estate.<\/p>\n<p class=\"canvas-atom canvas-text Mb(1.0em) Mb(0)--sm Mt(0.8em)--sm\" style=\"margin: 0px 0px 1em; color: #26282a; font-family: 'Helvetica Neue', Helvetica, Arial, sans-serif; font-size: 15px; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: start; text-indent: 0px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; background-color: #ffffff; text-decoration-style: initial; text-decoration-color: initial;\" data-reactid=\"32\">In fact, while other everyday necessities like\u00a0<a href=\"https:\/\/au.finance.yahoo.com\/news\/1973-grocery-prices-woolworths-actually-that-cheap-223000563.html\">groceries have actually come down as a proportion of what Australians earn<\/a>, property prices have zoomed ahead of inflation.<\/p>\n<p class=\"canvas-atom canvas-text Mb(1.0em) Mb(0)--sm Mt(0.8em)--sm\" style=\"margin: 0px 0px 1em; color: #26282a; font-family: 'Helvetica Neue', Helvetica, Arial, sans-serif; font-size: 15px; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: start; text-indent: 0px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; background-color: #ffffff; text-decoration-style: initial; text-decoration-color: initial;\" data-reactid=\"33\">A blog post from social analysis firm McCrindle published\u00a0<a href=\"https:\/\/mccrindle.com.au\/insights\/blog\/40-years-of-change-1975-to-today\/\" target=\"_blank\" rel=\"nofollow noopener\">what house prices were like in each of the state and territory capital cities in 1975<\/a>, and it makes for startling reading.<\/p>\n<p class=\"canvas-atom canvas-text Mb(1.0em) Mb(0)--sm Mt(0.8em)--sm\" data-reactid=\"38\">Sydney homes, for example, were selling for $28,000 in 1975. Last month, according to CoreLogic figures, the same cost $866,524.<\/p>\n<p class=\"canvas-atom canvas-text Mb(1.0em) Mb(0)--sm Mt(0.8em)--sm\" data-reactid=\"39\">&#8220;So while earnings have gone up by almost tenfold, house prices have gone up by more than thirtyfold in that same period of time,&#8221; said the McCrindle blog post.<\/p>\n<p class=\"canvas-atom canvas-text Mb(1.0em) Mb(0)--sm Mt(0.8em)--sm\" data-reactid=\"40\">Here are the 1975 prices, according to McCrindle:<\/p>\n<figure class=\"canvas-image Mx(a) canvas-atom My(24px) My(20px)--sm\" data-type=\"image\" data-reactid=\"41\">\n<div class=\"Maw(100%) Pos(r) H(0) Cur(p)\" data-reactid=\"44\"><img decoding=\"async\" class=\"Trsdu(.42s) StretchedBox W(100%) H(100%) ie-7_H(a)\" src=\"https:\/\/s.yimg.com\/ny\/api\/res\/1.2\/odDdJPU_.JEQNDooXn4tCw--~A\/YXBwaWQ9aGlnaGxhbmRlcjtzbT0xO3c9NDU5O2g9NDcx\/https:\/\/media-mbst-pub-ue1.s3.amazonaws.com\/creatr-uploaded-images\/2019-08\/cf0a5300-ba6e-11e9-b5e5-e79bef912de4\" alt=\"A table of 1975 house prices in each Australian capital city. (Source: McCrindle)\" data-reactid=\"45\" \/><\/p>\n<div class=\"img-mask StretchedBox Fz(15px)\" data-reactid=\"47\">\n<div class=\"StretchedBox Bgc(#000.5) Op(1):h Op(0) Trsdu(.2s)\" data-reactid=\"48\"><span class=\"Pos(a) B(25px) Start(65px) C(#fff) Fw(b)\" data-reactid=\"49\"><span data-reactid=\"50\">View photos<\/span><\/span><\/div>\n<\/div>\n<\/div><figcaption class=\"C($c-fuji-grey-h) Fz(13px) Py(5px) Lh(1.5)\" title=\"(Source: McCrindle)\" data-reactid=\"57\">\n<div class=\"figure-caption\" data-reactid=\"58\">(Source: McCrindle)<\/div>\n<\/figcaption><\/figure>\n<div data-reactid=\"58\">READ MORE VIA <a href=\"https:\/\/au.finance.yahoo.com\/news\/house-cost-australian-cities-in-1975-210000133.html\">YAHOO<\/a><\/div>\n","protected":false},"excerpt":{"rendered":"<p>&nbsp; PHOTO:\u00a0This picture of Swedish band ABBA attracted enormous attention<span class=\"more-link\"><a href=\"https:\/\/propertynoise.co.nz\/au\/how-much-houses-cost-in-australian-cities-in-1975\/\">Read More &rarr;<\/a><\/span><\/p>\n","protected":false},"author":1,"featured_media":20546,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_monsterinsights_skip_tracking":false,"footnotes":""},"categories":[461747081],"tags":[478098730,478098512,478099524,478098521,478098566,478098516,478098519,478098535,478098537,478098556,478098539,478098513,478098873,478098579,478098510,478098514,478098511,478098509,478098536,478098618,478098677,478098724],"class_list":["entry","author-data123nz","post-20545","post","type-post","status-publish","format-standard","has-post-thumbnail","category-australian-property-real-estate-news","tag-auctions","tag-australia","tag-australian-real-estate","tag-australians","tag-first-home-buyers","tag-gold-coast","tag-home-ownership","tag-house-prices","tag-melbourne","tag-nsw","tag-perth","tag-property","tag-property-investment","tag-property-market","tag-property-news","tag-propertynoise","tag-real-estate","tag-real-estate-news","tag-sydney","tag-sydney-property","tag-victoria","tag-wa"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v28.6 - 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