Pasqual. With respect, you simply cannot make those assumptions....

  1. 902 Posts.
    Pasqual. With respect, you simply cannot make those assumptions. In the (Sydney) Eastern Suburbs alone median prices fell y.o.y. in 2009 by more almost 30% in Tamarama and Bronte, and by close to 20% in Double Bay, Rose Bay and Edgescliff. These are undeniably blue chip suburbs very close to the heart of Sydney.
    And as I outlined in a previous post, the reported median (for what it's worth) Sydney house house price has fallen 16% in just over two weeks....
    May 15 - Total sales: $179,354,320, Median: $849,000
    May 22 - Total sales: $172,333,792, Median: $767,500
    May 29 - Total sales: $81,361,504, Median: $711,000
    ......so who knows where well be by the end of June (lol)
 
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