Our real estate ( houses) are getting cheaper in Australia? Let's take a home that now is priced $1000k AUD. One million dollars.
converting to USD it means $660k USD.
exchange rate 0.66

But a decade ago the same home may have been priced AUD 800k which means USD 880k
conversion ration 1.1

Summarizing., the Same home is now worth $220k less in USD currency.The conclusion could be such that not the case that houses./ real estate is gaining any value but our currency - Australian dollar is losing purchasing power rapidly !!!