house price falls start to bite, page-23

  1. 6,098 Posts.
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    I think you are placing too much importance on the statistics. 4 sets of statistics come out with roughly the same general numbers. House prices have fallen around OZ.
    If you own a house in a suburb you like, are you going to sell because the median went down. Serious investors do not take much notice of medians when looking to buy. Medians are history what you are investing for is the future. Investors who follow medians and buy in hot suburbs are making somebody else rich. Medians give a general picture of what has happened in suburbs and can be skewed by lots of factors. There is no conspiracy all statistics have limitations.
 
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