Hi nortiba sneerch
If you have a wide exposure to the property scene you will be aware that the majority of people buy a house with the same amount of research that they put into buying a pkt of tea. Sad but true
IMO people should stick with the area that they most know, where they grew up, where they or their family have lived for many years.
This is where their knowledge comes from.
The problem with looking at medium prices and the market going up or down is that those changes may not occur in your area and your knowledge of a particular area will show you how that area has reacted in the past
It is only when you have the history of an area should you get your calculator out.
My concern with medium prices and advertised figures is the old "garbage in garbage out"
I trust my own research but only use the rest as indications
Even the CPI, look at how they arrive by that figure, look at what they don't include, even the Government and the RBA can't agree, they each have their own versions
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