Statistics try and equate a $20 million dollar house with a 2 BR dog box of $200 000 in the same classification and the same with rents
There are just so many variables that each section must be compared separately, because there are different types of buyers and tenants
One of the things that I have noticed over the last 15, 20 years is the increasing variation between the haves and have nots. There is, in these so called poorer times of doom and gloom enormous amounts of money floating about out there yet so many people are doing it tough.
The main part of Frankston is a poor area with a preponderance of dole recipients whereas in the inner city I hear that 1 BR apartments are still going gang busters, different type of client