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    Residex's Dec report - median price for Melbourne & Brisbane to reach $500,000 in 08

    Sorry Lizzie, but it's you who is a bit confused. Median does not take into account outliers (i.e $2M+ or <$100K properties). Median - The mid point between an ordered set of data. i.e. Half of the values are larger than the median value, and half are smaller. Mean - The average of a set...
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