People have been complaining about housing affordability in Australia for years. I remember endless discussions of it, media articles about it, and feeling its

People have been complaining about housing affordability in Australia for years. I remember endless discussions of it, media articles about it, and feeling its pain myself, 20 years ago. No denying it has gotten worse, but it was already rather bad. That said - we bought our house (NSW Central Coast) in late 2015 for AU$550K. At the peak of the COVID price surge, those property value websites were saying it was over AU$1 million. Now they are saying it is only AU$850K. Still gone up a fair bit compared to when we bought it, but also fallen a fair bit off the peak. Of course, those websites are not completely accurate, but what they say is consistent with sale prices of comparable properties in our neighbourhood