A1, the other problem that stats dont pick up in gentrification of a suburb or the tear down and rebuild situation. You have suburb which for some reason becomes a favorite. professional investors come in and spend money to upgrade/rebuild. Say they by the house for say 300K spend 200k fixing up and sell for 600k. to some looking for a new/renovated property it sowuld seem a bargin as everything is done. accordingly, the suburb has based on stats increased by 100%, but in fact the real increase is 20% if based on total cost, or 33% based on original price.
Thats why a drive/walk the suburb to get a feel stats will never give.
But property is a long term investment and for the majority shelter etc is more important than a spreadsheet calculating to buy/rent scenrio. Stats dont factor this at all.
