Variation on what you are stating. In Perth below median first to go up first to go down. Top end last to go up last to come down. We have seen the cycle of cheapies stagnating and top end falling. Now the cycle is starting to increase sales of below median properties, which drags median down but volumes are increasing. Next stage is all those people selling the cheapies moving up. Another maxim By the time you read it in the paper it is too late.
