True cost of homes for each generation: see your suburb’s inflation-adjusted prices

An exclusive study shows just how much people paid for homes in each decade relative to the cost of everything else. See what prices really used to cost in your suburb over the last 45 years

Home buyers used to pay markedly cheaper prices for properties even when adjusted for inflation, a new study has revealed.

The ground breaking research by PropTrack has revealed what home buyers across various decades were paying for their properties when converted into today’s spending power.

The research indicates that the differences between what buyers paid in the 1980s, 1990s and 2000s, relative to the cost of everything else, were often staggering in many suburbs.

The study findings can be accessed in the graphic below, where you can search your suburb to see what prices were in each decade – both in non-adjusted terms and once factoring for inflation.

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Originally published as True cost of homes for each generation: see your suburb’s inflation-adjusted prices