Cost of a new Ford ED Falcon
- Base sedan models started at approximately $26,000–$27,000
- GLi and Futura models ranged from $28,000–$30,000, while XR6 and XR8 performance variants could exceed $35,000
💰 Average wage
- Average weekly wage: about $700–$720 per week
- Average annual wage: about $36,000–$37,500
Average house price
- Around $180,000–$185,000
Price of petrol
- Around $1.10–$1.15 per litre
Prime Minister
- Paul Keating (Labor Party)
Population of Australia
- About 17.5 million people
Top-grossing movie
- Jurassic Park and Mrs. Doubtfire dominated box offices internationally and in Australia.
Top song
- I Will Always Love You by Whitney Houston topped Australian charts.
Significant world event
- The early 1990s recession had ended, and Australia was entering a period of economic recovery
- The dissolution of the Soviet Union had recently reshaped global geopolitics
Popular TV / radio in Australia
- Shows like Home and Away, Neighbours, and Hey Hey It’s Saturday remained extremely popular
- FM radio stations dominated pop and youth music culture
Significant Australian news story
- Economic recovery, employment growth, and technology adoption were major domestic themes
- Car buyers increasingly valued comfort, safety, and performance, reflected in XR6/XR8 variants alongside standard Falcons
Interesting comparisons
- The ED Falcon cost roughly 0.7–0.8 of a year’s average wage for base models, while XR variants could approach 1 year’s average wage
- The average house cost about 5 times a yearly wage
- Filling the ~70L tank in a Falcon cost about $80
- A week’s wages could buy roughly 600–620 litres of petrol
- The ED Falcon represented modern Australian family and performance cars, balancing comfort, safety, and driving pleasure