When the Holden VT Commodore was released – Australia in 1997

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VT Commodore

Cost of a new VT

  • VT Commodore sedan: approximately $31,000–$33,000
  • The VT Commodore featured a completely redesigned platform (“New Generation” body), improved aerodynamics, upgraded safety features including standard airbags, refined suspension, and modern interiors
  • The WH Statesman offered premium luxury features: leather interiors, advanced suspension, climate control, power options, and executive styling
  • Both models targeted Australian families and executives seeking modern styling, comfort, safety, and reliability
  • The VT Commodore would introduce the very popular LS1 V8 engine to the Commodore line up
  • The VT Commodore would go on to be one of the highest selling Commodores, and highest selling Holdens ever built
  • It won wheels car of the year in 1997, becoming the 4th Holden Commodore to do so after the VB (1978), VN (1988) and VR (1993) Commodores.
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Average wage

  • Average weekly wage: about $720–$740
  • Average annual wage: roughly $37,440–$38,480

Average house price

  • Around $230,000

Price of petrol

  • About $1.10–$1.20 per litre

Prime Minister

  • John Howard (Liberal Party, elected March 1996)

Population of Australia

  • About 18.5 million people

Top-grossing movie

  • Titanic, Men in Black

Top song

  • Candle in the Wind 1997 by Elton John topped Australian charts

Significant world event

  • Death of Princess Diana and global media coverage
  • Rise of the internet and mobile technology shaping global economies

Popular TV / radio in Australia

  • Home and Away, Neighbours, Hey Hey It’s Saturday, and A Current Affair
  • FM radio and music television dominated youth and pop culture

Significant Australian news story

  • Economic policy, suburban development, and technology adoption dominated headlines as well as job growth nationwide.

Interesting comparisons

  • The VT Commodore cost roughly 0.85 years’ average wages, while the WH Statesman cost 1.7–1.8 years’ wages
  • The average house cost about 6 years’ wages
  • Filling a ~60L tank cost roughly $72 AUD
  • A week’s wages could buy roughly 600–620 litres of petrol
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