I'm assuming you're using the June 26th median price as your end-of-period marker (or the 19th perhaps looks more likely based on available figures) and indeed using those numbers the claim of an 8.5% increase is quite correct. To be fair, though, median prices really are just a moment in time, as the listed median prices for the subsequent weeks clearly indicate ($550k on July 3rd , $525k on July 10th , 518k on July 17th). I obviously don't have to spell this out for you, but a median price of $518k erases all of the June quarter gains in three short weeks. Likewise, and I've mentioned this before, using only median prices the Sydney market has fallen markedly (15% over the last two months from $849k on May 15th to $737k on July 17th). Patently prices haven't fallen to that extent in real terms. I'm just making the point that median price comparisons are best taken with a pinch of salt.
