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I have been looking at the numbers on realestate.com.au for sometimes and have reservations towards their reliabilities because 1. There are drastic month-to-month variations e.g. for Seaford, the site reported the median house price of 340K in Nov09 and a massive jump to 595K in Dec09. That is...

Interestingly, REIV shows a very different figure: http://www.realestateview.com.au/portal/propertydata?rm=propertydata&search=1&suburbname=seaford&state=vic#median-prices