"MELBOURNE house prices may be on the rise, increasing $40,000 in the final three months of 2012.
Real Estate Institute of Victoria figures show the city's median house price rose 7.8 per cent in the December quarter - the biggest three-month gain since the market peaked in 2010.
It follows a 16 per cent jump in sales, compared with the same time in 2011, as buyers went Christmas shopping after interest rate cuts."
Moral of the story-dont believe ANYTHING you read. Get out and amongst it, attend opens and auctions, take note of sales and discounting-get the 'mood of the market'.
