yes, agree ...this distortion is happening on an increasing number of suburbs accross Aust, the Real-estate.com/RP data median prices in many suburbs (not necessarily top-end) often showing price increases, when in fact the houses being sold are not a true reflection of "median type"houses
this distorts some areas more than others,but it is quite possible that the real median house price is falling (in a slowing market like we currently have) but it is not being reported due to this skewing of the median...
Its possibly a logical conclusion that those with greater than median price houses, also have greater risk..ie debt, thereby leading to the greater need to sell....
Only problem is...they'r running out of "greater fools" to which to offload !!!! imho ..of course
