Property Advert of the Week: Parkes Home Units at Eastlakes (1966)

Below is a 1966 advertisement for home units at Eastlakes. These were built by Parkes Developments. The 4750 pounds would equate to $9 500. According to the RBA Inflation Calculator, the price of the units would cost approximately $122 500 in today's money.

While decimal currency had been introduced around three weeks before publication of the advertisement, prices were still advertised in pounds.

Source: Parkes Developments. 1966. "Anyone can afford a Parkes home unit" (advertisement). The Daily Telegraph, March 5: 31.