rosiew Posted June 2, 2014 Share Posted June 2, 2014 Thought some people doing their sums might find these figures useful Median HOUSE prices - May 2014 Sydney $800,000 Melbourne $612,000 Perth $544,500 Brisbane/ Gold coast $482,000 Adelaide $415,000 These are from today's Age. Link to comment Share on other sites More sharing options...
Que Sera Sera Posted June 2, 2014 Share Posted June 2, 2014 Might be worth pointing out that there are many suburbs further out, but still commutable ( especially in Perth) that are cheaper, just do your research. Link to comment Share on other sites More sharing options...
ali Posted June 2, 2014 Share Posted June 2, 2014 Might be worth pointing out that there are many suburbs further out, but still commutable ( especially in Perth) that are cheaper, just do your research. Agree QSS, there's a 3 x 1 duplex for sale opposite me at the moment for $580,000 which is over the median - we're only 20 mins from the City. Link to comment Share on other sites More sharing options...
rosiew Posted June 2, 2014 Author Share Posted June 2, 2014 By definition, 50% of properties will be cheaper than the median.... Link to comment Share on other sites More sharing options...
noworriesmate Posted June 2, 2014 Share Posted June 2, 2014 By definition, 50% of properties will be cheaper than the median.... Mmmm not strictly true - if you have 99 properties each with a value of $500,000 and one worth $1m then you will have 99% below the median. NWM Link to comment Share on other sites More sharing options...
Keith and Linda Posted June 2, 2014 Share Posted June 2, 2014 Mmmm not strictly true - if you have 99 properties each with a value of $500,000 and one worth $1m then you will have 99% below the median. NWM more Mmmmmmmmm not strictly true either the median price is the point at which all sales at any given time are 50% below and 50% above the median, where as in reality prices are not that rounded as your simplified pricing, makes the calculation difficult for median, but your 99% correct for average. Link to comment Share on other sites More sharing options...
akiralx Posted June 2, 2014 Share Posted June 2, 2014 Mmmm not strictly true - if you have 99 properties each with a value of $500,000 and one worth $1m then you will have 99% below the median. You are confusing median price with average price. Link to comment Share on other sites More sharing options...
Que Sera Sera Posted June 2, 2014 Share Posted June 2, 2014 Oh Gawd maths, I'm lost :laugh::wub: Link to comment Share on other sites More sharing options...
wolvesaussie Posted June 2, 2014 Share Posted June 2, 2014 The only thing you need to know is its too expensive, tho SA looks reasonable, why cant all other states be the same Link to comment Share on other sites More sharing options...
Johndoe Posted June 2, 2014 Share Posted June 2, 2014 Happy with my 8 yr old 4 bed at $407K. All I've lost from my last one is a bit more space (which we don't miss) and a pool. Link to comment Share on other sites More sharing options...
Guest Guest66881 Posted June 2, 2014 Share Posted June 2, 2014 Happy with my 8 yr old 4 bed at $407K. All I've lost from my last one is a bit more space (which we don't miss) and a pool. That's how we look at it, sold our last at a good time made good money, purchased this one good deal bigger (we need the room) intend on going nowhere for a few years so happy as piggies in shite we be. It's when people play the housing game it catches them out, and those who buy beyond their means to keep up with the Jones brigade, pity the poor sods really. Link to comment Share on other sites More sharing options...
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