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I'd say referring to one suburb or one property in one suburb, as representative of all prime real estate, is a tad anecdotal. RP Data Rismark has luxury suburbs tanking more than cap city medians. http://rpdata.com/press_releases/luxury_suburbs_drag_down_aussie_housing_market.html

there's a Surry Hills link to the data above....divide the apr11 median by the may10 median, then subtract 1. ....or just check the rpdata charts of monthly medians at the link. the figures you provide for Surry Hills show the median unit value for Apr11 is 491250 and May10 is 544000.... -9.7%...

Not by any of the Residex Cap City Trading Indices listed here http://www.residex.com.au/index.php?content=get_indices&from=get_indices_median_table&thestate=VIC&dwelling=H Does Residex have a prime property index? Admittedly, Residex say Sydney, Perth, and Brisbane are at the bottom of their...

Wow, Mr McGrath has just lost a stack of credibility with me because he also said this in that article: "In effect, I think there is a 95% chance we will see double digit growth in prime residential markets around Australia over the next 12-18 months". Seriously Mr McGrath? Residex Index...