Wind back 20 years and the average full-time worker in Australia could pick themselves up a weighted median priced house in a capital city for around four times his or her yearly earnings before tax.

Fast forward to today and that same multiple has risen to 8.6, home ownership rates have dropped and many of those fortunate enough not to be locked out of the market altogether are being forced further out toward the urban fringe and thus further away from the best opportunities for…