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Ally Foster November 1, 2025 - 4:55PM Share via Email Share on Facebook Share on Whatsapp Hören Sie sich diesen Artikel an Copied URL to clipboard Video of 1970s Australia sums up huge national problem Video of 1970s Australia sums up huge national problem #housing #auspol #news #realestate #property An old Four Corners episode... A series of real estate advertisements from 20 years ago have left Aussies gobsmacked, highlighting just how quickly the Great Australian Dream of homeownership is getting out of reach. The newspaper ads from 2005 feature a series of homes that were for sale across Sydney at the time. The listings were recently shared by TikTok by user HarleyDash, with the prices leaving social media users shocked at how much the real estate landscape has changed. One of the advertisements was for a three bedroom, one bathroom home in Castle Hill in the city’s northwest. The property was advertised for $505,000 but a search of the property’s history show it actually sold for $495,000 in December of 2005. Adjusting for inflation using the Reserve Bank of Australia’s calculator, that would be the equivalent of $827,286 in today’s figures. The property was advertised for $505,000 but a search of the property’s history show it actually sold for $495,000 in December of 2005. Picture: HarleyDash/TikTok That same property sold again in August of this year for more than $2 million. Picture: Realestate.com.au This is around 2.4 times the adjusted for inflation price. Picture: Realestate.com.au However, anyone who even has the slightest insight into Sydney real estate knows that, even 34km from the CBD, getting a three bedroom home for that price in 2025 isn’t going to happen. That same property sold again in August of this year for more than $2 million, about 2.4 times the adjusted for inflation price. Another advertisement featured a five bedroom, two bathroom, two garage home in Baulkham Hills, also in Sydney’s northwest, for $609,000. Adjusted for inflation, this figure would be the equivalent of $1,017,813 today. A quick search of similar houses in the same area in 2025 showed prices ranging from $2 million to $2.3 million - again, showing prices have doubled in just two decades. Adjusted for inflation, this figure would be the equivalent of $1,017,813 today. Picture: HarleyDash/TikTok An equivalent home sold for $2.3 million in 2025. Picture: Realestate.com.au A 2005 advertisement for a four bedroom, four bathroom home set on 2.2 hectares in semi-rural suburb of Middle Dural showed an asking price of $1.39 million. Adjusted for inflation this would be $2.34 million. In comparison, a four bedroom, three bathroom home on 2 hectares in the same suburb sold for $3.25 million in September 2025 and a three bedroom, three bathroom home on 2.02 hectares in Dural sold for 3.8 million in June. A four bedroom home with one bathroom on 2.4 hectares sold for a whopping $5.55 million in October 2024. While many will be shocked that house prices, in many cases, more than doubled in the past two decades, comparing that increase to salary growth paints an even more alarming picture. According to the Australian Bureau of Statisics (ABS), the average salary of a full-time worker in 2005 was $56,056, which would be the equivalent of $93,685 adjusted to inflation today. The average salary for a full time worker in 2025 is currently $108,487, according to the latest ABS figures, showing just how much house prices have outpaced wages. A four bedroom, four bathroom home set on 2.2 hectares in semi-rural suburb of Middle Dural showed an asking price of $1.39 million. Picture: HarleyDash/TikTok In comparison, a four bedroom, three bathroom home on 2 hectares in the same suburb sold for $3.25 million in September 2025. Picture: Realestate.com.au Since it was shared last month, the video showing the 2005 prices has gained more than 64,000 views and dozens of comments, mostly from fed-up Aussies. “1.5 million in 20 years.... houses earning 75k a year. which is more than the yearly income of many,” one person said. The original poster agreed, writing: “Exactly - Rich getting richer and how do young people afford anything?” “And wages go up a couple of dollars a year if you’re lucky,” another said, with one person adding, “And all the Boomers will say they just worked harder.” Another person joke that they should have been “working hard, saving my money instead of being in Year 8”. One person pointed out, that not only have prices skyrocketed, the competition in the market is incredibly fierce. “I went to an inspection today because my partner and I are looking to buy. We saw the house at 2pm. By 4pm they had called me and said they were taking final offers,” they wrote. Another simply said, “It’s insanity”. Copied URL to clipboard 'Lost the plot' Insane price of dilapidated house Aussies are outraged after discovering the... If you thought looking back on prices 20 years ago was bad, looking forward a few decades is even more daunting. With house prices continuing to skyrocket and smash new records, many have wondered just what the country’s real estate landscape might look like if things continue to go in the direction they have been heading. Well, data compiled by Australian property payment platform, Coposit, has revealed the answer - and it’s not pretty. The company used data from the Australian Bureau of Statistics, CoreLogic and YourMortgage to find the 2025 median house prices in four of our capital cities. Coposit then applied a long-term average four per cent yearly growth rate to project prices to 2050, with truly confronting results. Sydney’s median house price, set at $1.55 million for 2025, is predicted to more than double in the next 25 years to $3.88 million. The house price prediction is certainly confronting. Picture: Coposit/Facebook Shortly after this was posted, new data was released revealing Sydney’s median house price has now risen to a whopping $1.75 million. For Melbourne, the median house price of $953,000 is projected to skyrocket to $2.56 million and Brisbane could go from $1.06 million to $2.84 million. The data has Perth’s current median house price at $895,000, with it predicted to hit $2.4 million by 2050. While these figures may seem absurd at first glance, they align with long-term growth trajectories seen over past decades, back to 1990. Speaking to news.com.au, Coposit chief executive and co-founder Chris Ferris said that, even for those in the industry, seeing those numbers laid out side-by-side is “confronting”. “It shows just how quickly affordability is slipping away, particularly in capital cities and major employment hubs like Sydney and Brisbane where the gap between wages and home values continues to widen,” Mr Ferris said. The prediction paints a particularly grim picture for first home buyers. More Coverage ‘Crazy’ weekly rent woman pays in Sydney Ally Foster and Mary Madigan ‘This country is cooked’: Ads from ‘05 horrify Ally Foster The average age of first home buyers is now 37, according to the Australian Bureau of Statistics. “We are creating a generation of renters who no longer believe owning property is an option for them,” Mr Ferris said. “If this trend continues, we risk losing the idea of property ownership as part of the Australian dream.” More related stories Brisbane & QLD Revealed: Shock way Qlders are paying the mortgage Queenslanders are turning to credit cards to keep their homes, with default risks now at the highest level since the pandemic. Real Estate Shock price for tiny Ben Buckler flat with no parking A tiny apartment with no parking on North Bondi’s Ben Buckler has sold for an incredible price. Real Estate Chemist Warehouse kingpins splurge on $45m ‘holiday homes’ Two of the masterminds behind the success of pharma giant Chemist Warehouse have splashed the cash on luxury Sydney holiday homes. Registration In The Know Quiz Newsletters Competitions Welcome to news.com.au Code of Conduct Help and Support General Feedback Advertise with us Standards of Practice Licensing & Reprints Our News Network The Daily Telegraph The Courier Mail Our Partners realestate.com.au CODE Sports A NOTE ABOUT RELEVANT ADVERTISING: We collect information about the content (including ads) you use across this site and use it to make both advertising and content more relevant to you on our network and other sites. Find out more about our policy and your choices, including how to opt-out.Sometimes our articles will try to help you find the right product at the right price. We may receive payment from third parties for publishing this content or when you make a purchase through the links on our sites. 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