| Using median values analysis for houses rather than median prices, RP Data has been able to identify Australia’s most expensive locations for home ownership.
The data was based on RP Data’s estimates of the value of virtually every residential property across the country and then taken the middle value for each suburb. This approach yielded a much more reliable indication of what a buyer is likely to pay for the typical house within a suburb, compared with the median price, which is based on only those homes that have sold during the period...............................................Full Article: Source
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