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Analyzing the Real Change in Australian House Prices: Understanding Inflation’s Impact on Nominal Values Over the Last 50 Years
Australian house prices have grown substantially since 1973. The 7 city combined Australian median house value was $21,400 in 1973. 50 years later, in February 2023 the same combined 7 city median house value has increased to $914,750. The nominal dollar value of housing has increased by approximately 43 times since 1973. Any analysis would…
