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Sydney house prices at $18,700? It’s back to the future

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A black and white aerial view of Sydney's Eastern Suburbs railway viaduct in 1971. Harbour Bridge in the background. Photo by Martin James Brannan/Fairfax Media via Getty Images).
The median Sydney house price in 1970 was $18,700. (Source: Getty Images)

One of the truly great thrills of doing research on economic history is uncovering information on what the economy was like many years ago.

Frequently, some shocking – or unfathomable…

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