One of the most popular topics on this blog is to do with real estate. This time, here is an article from 1969, where the vendor for a harbourside mansion at Point Piper thought that an offer of $145 000 was not enough. They wanted $180 000.
Source: Anon. 1969. "$145,000 was not enough". The Daily Telegraph, June 20: 11.
The RBA Inflation Calculator would measure the reserve price as being the equivalent of $2 million in today's money. Going by the information I have, median house prices in Sydney in 1969 were roughly $20 000.
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