Median House Price
Jul 2nd 2003, 11:01 pm
#1
Not here
Thread Starter
Joined: Jan 2003
Posts: 1,621
Median House Price
Median House prices (A$k) June QTR 2003. Source BIS Shrapnel.
Sydney 465
Melbourne 350
Brisbane 223
Adelaide 204
Perth 205
Hobart 155
Canberra 270
Darwin 215
Sydney 465
Melbourne 350
Brisbane 223
Adelaide 204
Perth 205
Hobart 155
Canberra 270
Darwin 215
Jul 3rd 2003, 3:28 am
#3
BE Forum Addict
Joined: Jan 2003
Location: Brisbane
Posts: 1,576
I know I posted the link but for Brisbane I just DO NOT BELIEVE the meridian price of property is $223,000. You've got to really look hard to find properties less than $200,000, yet their are plenty of properties above $300,000. Yet according to these figures you would need 4 houses selling for $200,000 for every house sold for $300,000 to bring the average back to $223,000, and for houses selling for $500,000 and above you would need dozens. which is just not the case.
I'd say the average price of property in Brisbane is $250,000 cannot comment about other cities as I don't live their.
I'd say the average price of property in Brisbane is $250,000 cannot comment about other cities as I don't live their.
Jul 3rd 2003, 8:38 am
#4
BE Enthusiast
Joined: Mar 2002
Posts: 498
Originally posted by Kiwipaul
I know I posted the link but for Brisbane I just DO NOT BELIEVE the meridian price of property is $223,000. You've got to really look hard to find properties less than $200,000, yet their are plenty of properties above $300,000. Yet according to these figures you would need 4 houses selling for $200,000 for every house sold for $300,000 to bring the average back to $223,000, and for houses selling for $500,000 and above you would need dozens. which is just not the case.
I'd say the average price of property in Brisbane is $250,000 cannot comment about other cities as I don't live their.
I know I posted the link but for Brisbane I just DO NOT BELIEVE the meridian price of property is $223,000. You've got to really look hard to find properties less than $200,000, yet their are plenty of properties above $300,000. Yet according to these figures you would need 4 houses selling for $200,000 for every house sold for $300,000 to bring the average back to $223,000, and for houses selling for $500,000 and above you would need dozens. which is just not the case.
I'd say the average price of property in Brisbane is $250,000 cannot comment about other cities as I don't live their.
Jul 3rd 2003, 9:08 am
#5
Not here
Thread Starter
Joined: Jan 2003
Posts: 1,621
Originally posted by etlniwd
The link refers to 'median' not 'average'. I believe there is a significant difference when it comes to house prices because the really expensive ones don't affect the median as much as they affect the average. It also depends how you define 'Brisbane'.
The link refers to 'median' not 'average'. I believe there is a significant difference when it comes to house prices because the really expensive ones don't affect the median as much as they affect the average. It also depends how you define 'Brisbane'.
