Additionally 2 suburbs in Perth make a nonsense of this whole process. For example Kallaroo has homes ranging in to the high million and low 400's. One part old another new. Depending which side of a dividing road will determine the value. If more sell on the cheap side the price plunges and if more sell on the good side hey presto look how well it has done.
Some new suburbs and old have a number of cottage blocks being developed and sold that also distort the figures esp if the estate was full sized blocks before then.
