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Really simple example: Houses in one suburb have high end properties for $900K, the bulk of them are around $350K and there are some little shacks that are $200K and everything in between. The suburb median in this case is around $350K. If you buy at $350K or below, say a $290K property...

According to RP Data the median priced home in Melton South is $223,000. So if you are buying at $315K, then you are not buying AT or BELOW the median price which is a good investing rule for max. capital growth / ease of selling if you get in trouble & need to / ease of getting tenants etc. RE...