affordability

The median price of a home in Portland oregon is $265,000 usd, which is about $289,000 Australian dollars. The value of a Portland house, in US dollars, went down about 12% since we sold last year. The value in the equivalent Australian dollars, when you include how the dollar's sunk, has gone down 38%.

$289k AUD about the cost of a house in "regional victoria", i.e. the far suburbs and country outside the cities. Inside the metro area, median price is more like $440,000aud and that went up almost 18% (in Australian dollars... up 66% in equivalent US dollars) this year. Apparently, Melbourne-proper houses haven't been under $290,000 since 2002.