Alright, so your posting history tells me you're Australian. You've complicated things somewhat by mentioning what your house cost nineteen years ago but giving your salary for I assume today, but here goes:

In 2001 you bought your first home for $360,000, but by that time when adjusted for inflation that $10,000 your parents paid was worth a little under $72,000. So you basically paid five times more than they did for your first house.

You and your partners' combined wage is $4,800, so let's say for arguments sake that if only one of your salaries was coming in you would be earning $2,400; that single $90 salary in 1971 is worth a little under $1,000. So you're two and a half times better off than they were, but you paid five times as much for a home. Do you see why you're now being smashed with downvotes here? What exactly was your postgrad degree in?

Also, if you were in a position to buy a home in 2001 then you're significantly older than most of us here, so your "insight" isn't really especially relevant or helpful.