Housing prices have risen so much in Australia that 2020 prices look almost reasonable. In fact, if the house price to income ratio were the same as it was in 2000, the average price would be nearly $400,000 less.

Greg Jericho is Chief Economist at the Australia Institute and the Centre for Future Work and popular columnist of Grogonomics with Guardian Australia.

Each week on Dollars & Sense, Greg dives into the latest economic figures to explain what they can tell us about what’s happening in the economy, how it will impact you and where things are headed.

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Host: Greg Jericho, Chief Economist, the Australia Institute and Centre for Future Work // @GrogsGamut

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Housing is so bad that 2020 prices look good...