Boomers will still say it was just as hard back in there day
Kit-The-Mighty on
$80 deposit…
You say $51 a week min wage…
Wish I could work a week and a half these days and have a house deposit sorted…
PeriodSupply on
No one lived there and they were trying to convince people to come out. It was a long way from everything in the 60’s. It would have been very isolated back then.
According to Google the population of redland Bay was around 600 people in 1971 (no idea if that is true but it’s believable.)
I mean you can go to Japan or Italy today and buy a house in a beautiful village for sweet Fuck all for the same reasons.
Alxl_1970 on
I reckon back then it would have been like the boondocks out there, I wonder who the target market would have been for these blocks. Retirees (the ‘silent’ generation- Boomer’s parents)? There would have been a fair bit of disposable income available at the tail end of the post-war boom in the late 60’s. Maybe holiday houses? It would be interesting to compare these prices to other land prices of that era.
ol-gormsby on
“48 perches is 1200m²”
That was my first thought – that’s more than a quarter-acre. Be worth zillions today.
Anonymous_Rhino82 on
Its crazy. I have been sorting out a storage unit. Some items were wrapped in newspapers from 2000/2001 the real estate section had 800m2 new house and land packages from 205k……
Also had a couple of Holden Geminis with good tyres and 12 months rego with little rust going for $800
dildoeye on
The good thing about house prices being high is that the people that do buy dont let the place turn into a shithole , they make a lot more then me . You can definitely tell who rents and who are home owners
Traditional-Fix2173 on
and six-digit phone numbers
Site_Efficient on
607 square metres is 24 perches, if my memory serves. Which means it’s a 1200 square metre block
Sam-LAB on
The min wage to cost of land was so incredible I googled the min wage. I’m Gen X so I bought a house when costs were ok but wow that blows my mind
Loose-Opposite7820 on
48 perches- what are we, a flock of budgies?
DO_NOT_POST_CUNT on
Redland bay was still kind of semi rural up until the early 2000s! Wasn’t a lot of people living there when I grew up there in 90s
Rare-Mark-3638 on
Your minimum wage is a bit off. It was more like $29/week, or $0.73/h
willcritchlow23 on
The phase 3 Falcon was $4400 in 1970, and inflation since 1968 would have been solid.
I suspect the minimum wage was closer to 30 a week.
But that still doesn’t change the fact the prices were mentally cheap compared to now.
14 Comments
Boomers will still say it was just as hard back in there day
$80 deposit…
You say $51 a week min wage…
Wish I could work a week and a half these days and have a house deposit sorted…
No one lived there and they were trying to convince people to come out. It was a long way from everything in the 60’s. It would have been very isolated back then.
According to Google the population of redland Bay was around 600 people in 1971 (no idea if that is true but it’s believable.)
I mean you can go to Japan or Italy today and buy a house in a beautiful village for sweet Fuck all for the same reasons.
I reckon back then it would have been like the boondocks out there, I wonder who the target market would have been for these blocks. Retirees (the ‘silent’ generation- Boomer’s parents)? There would have been a fair bit of disposable income available at the tail end of the post-war boom in the late 60’s. Maybe holiday houses? It would be interesting to compare these prices to other land prices of that era.
“48 perches is 1200m²”
That was my first thought – that’s more than a quarter-acre. Be worth zillions today.
Its crazy. I have been sorting out a storage unit. Some items were wrapped in newspapers from 2000/2001 the real estate section had 800m2 new house and land packages from 205k……
Also had a couple of Holden Geminis with good tyres and 12 months rego with little rust going for $800
The good thing about house prices being high is that the people that do buy dont let the place turn into a shithole , they make a lot more then me . You can definitely tell who rents and who are home owners
and six-digit phone numbers
607 square metres is 24 perches, if my memory serves. Which means it’s a 1200 square metre block
The min wage to cost of land was so incredible I googled the min wage. I’m Gen X so I bought a house when costs were ok but wow that blows my mind
48 perches- what are we, a flock of budgies?
Redland bay was still kind of semi rural up until the early 2000s! Wasn’t a lot of people living there when I grew up there in 90s
Your minimum wage is a bit off. It was more like $29/week, or $0.73/h
The phase 3 Falcon was $4400 in 1970, and inflation since 1968 would have been solid.
I suspect the minimum wage was closer to 30 a week.
But that still doesn’t change the fact the prices were mentally cheap compared to now.