Weren't Exactly Cheap

[EJ101]

saw this old ad on a FB page

 

so 41 years ago, lets say average weekly wage was $150 ($7800 p.a).

 

The Z wasn't cheap!

 

[gav240z]

If the average Australian wage today is somewhere in the $50k-$70k range.

http://www.news.com.au/finance/work/careers/how-does-your-salary-stack-up-against-the-rest-of-australia/news-story/72b44644b531ad10bc1a8051f016ac6c

 

Then that's like buying a 370z today. Although the 370z is almost cheaper in today's money.

[NickF]

With inflation a $4900 240z in 1970 is about $55000 today

[EJ101]

Back then the car industry was protected by high import tariffs, so the Z's in Australia at least, weren't the cheap sports car they were in the U.S.

But when you look back, Holdens and Fords were expensive for what they were. As Paul Keating once said, "we were paying a lot of money for cars that really weren't that good"

[Ponyo240z]

My dad recalls paying $12k for a new 260 2 seater in 78.

He said you could buy 2 and a half Holden premiers for that coin and you could buy a house for $35k.

Cars a certainly cheaper now

[gav240z]

Cars a certainly cheaper now

 

Shame about houses then hey?

[PeterH]

I bought a new 240z in early 1973 which cost a little over $5000 on the road..I was earning about $95 a week.....should have bought a house!!!

[gav240z]

If folks like you didn't buy them back then Peter and just did the sensible thing we wouldn't have these cars around to enjoy now. If I didn't spend 7-8 years living and working in Europe I'd probably have bought a house before prices went thermonuclear in Australia. But... I don't for a second regret living abroad or doing the travel I did. Given the same circumstances and knowing the situation I'd end up in, I'd do it all again.

 

In the long run we're all dead - John Maynard Keynes.