property facts, page-8

Melb is around 35% of homes owner occupied have a mortgage

NT and tas are owner occupied figures.


Bundalle you are so correct in saying stats tell a story but not a whole story

Interesting for those who look to median prices, go to real-estate.com.au
Look up. Suburb in Victoria called ormond and go to the median price. And have a look at it over a 12 month period. It shows how skewed it can be, with monthly discrepancies of $400,000 some month 700, g next month 1.2 mil. So I ask how does one get a correct median. If a city has a lot of high end turn over for a few months with less at the lower end.
And all of a sudden we have price rises. And you would be correct to ask how at the moment.
But with the bigger turn over at the moment in the lower end is it skewing prices down.
I ask this as we all like to grab any stat that shows our argument in a better light but how factual is it.
How do we compare apples oranges or any thing else that is not similar.
There is no denying some are doing it tough but to drag up figures like 25%of Australians are in mortgage stress leads you believe that millions are
But if you look at only 35% of owner occupied houses in Vic have a mortgage that 25 % suddenly drops to 8% of owner occupied houses.
But don't forget this poll to get this figure is a grab of a 100 house survey
And look if done randomly gives us a snap shot but how reliable is a 100 phones calls?