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There you go; even more hurdles to make a drop in the median more likely, more skewed and pretty much inaccurate..

http://propellresearch.wordpress.com/2011/11/30/rpdata-rismark-median-house-price-index-points-to-improving-prices/ A drop in median can simply mean that higher end houses stopped selling while lower end houses continued to do so. From what I hear this would support that view; not many...

Dazz, there is no disrespect from over here from my experience. There is the mentality from some that the East is the main bread-winner though, and without mining booms I guess it would be the case...I don't know. You personally may have had one or two dumb @rses make hurtful comments, but...

A median does not mean house values have risen; it is a useless stat, and I don't why the media keep trotting it out. A median is the halfway point of a total number of sales of properties, based on price. So, if you have 100 sales, the median is the 50th sale. Now, if you have 2 sales...

What's with all the; "Ha, Ha; the West is booming and you Easterners aren't...nah, nah, ne, nah, nah" stuff? If it wasn't for the mines, the respective geographic economies around them would be mostly the same as our shoit ones - or worse - so ease up a bit you blokes. At least we've...

Yep. In a boom, and with certain properties, auctions will work better from time to time as you described. But outside of these times; no. But the agents will still keep on flogging that strategy despite the market condition.. We are still having auctions scheduled here in sleepy...

And that's the reported ones... I wonder how many actually sold on the day of the auction, and how many were passed in with nothing but a Vendor's bid? And just as significant; what was the volume of total auctions compared to last year, and total properties for sale compared to last year?