Australia in 1968 – Historical Snapshot (When the Ford XT Falcon was released)

XT Falcon

Cost of a new Ford XT Falcon

  • Base sedan models started at approximately $3,200–$3,500
  • Deluxe and GT models ranged from $3,800–$4,500 depending on specification
  • The XT featured minor styling updates, improved interiors, and performance refinements to the GT.

Cost of a Ford ZB Fairlane

  • Base ZB Fairlane sedan started at around $5,500–$5,800
  • Higher-spec Fairlane models could exceed $6,500–$7,000
  • The Fairlane was marketed as Ford’s luxury alternative to the Falcon, aimed at executives and families wanting premium features.

Average wage

  • Average weekly wage: about $60–$65 per week
  • Average annual wage: about $3,100–$3,400

Average house price

  • Around $12,000–$13,500

Price of petrol

  • Around 10–11 cents per litre

Prime Minister

  • John Gorton (Liberal Party)

Population of Australia

  • About 12.3 million people

Top-grossing movie

  • 2001: A Space Odyssey was one of the top films internationally.
  • Other major releases included Planet of the Apes and Funny Girl.

Top song

  • Hey Jude by The Beatles topped Australian charts.

Significant world event

  • The Vietnam War continued, with growing Australian involvement.
  • The space race continued to captivate global audiences.

Popular TV / radio in Australia

  • Homicide, Division 4, and Bellbird were widely watched.
  • Bandstand remained the most influential music program for youth.
  • Radio Top‑40 stations remained central to pop culture.

Significant Australian news story

  • Increasing debate over conscription and Australia’s role in Vietnam.
  • Suburban expansion and car ownership growth continued to shape society.

Interesting comparisons

These comparisons help place the XT Falcon and ZB Fairlane into everyday Australian life:

  • The XT Falcon cost roughly one year’s average wage, while the ZB Fairlane cost around 1.8–2 years’ average wage
  • The average house cost about 4 times annual income
  • Filling the ~55L tank in a Falcon cost about $6, while a Fairlane’s larger V8 could push it slightly higher
  • A week’s wages could buy roughly 550–600 litres of petrol
  • The XT GT continued Australia’s muscle car legacy, while the Fairlane represented luxury and comfort for executives

XT Falcon

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