Cost of living in Australia 1979?

Answer 1

In 1979, the cost of living in Australia was significantly lower than today, with average prices for basic goods and services. For example, the average house price was around AUD 40,000, and a loaf of bread cost approximately 30 cents. Inflation and economic changes over the decades have dramatically increased prices, but in the late 1970s, wages were also relatively lower, reflecting a different economic climate. Overall, the cost of living then was manageable for many households compared to contemporary standards.