There seems to be quite a large disparity between both sources for example.
i'm concentrating on melbourne here: all median prices, all houses
samples:
first number REIV,
(second in brackets APM)
third is % difference based on APM value
Altona 505K (380K) 45%
Hawthorn 1220K (777K) 57%
Burwood 710K (526K) 35%
Camberwell 1152K (900K) 28%
Prahran 843K (676K) 25%
Sunshine 353K (275K) 28%
Werribee 225K (216K) 4%
Melton 200K (184K) 8.6%
Surrey Hills 1050K (794K) 32%
Pakenham 270K (249K) 8.4%
sources
REIV: Realestate view http://www.realestateview.com.au/ - this is dec07 median values
APM: Feb API Mag - these are 12 months to oct 07 values,
now i know there are 2 months difference in the stats but surely the differences cannot be that big?
obviously there are some differences in methods/assumptions behind them but i'm not sure what they are, suffice to say there are some very big differences in them. the much larger differences are found in the inner suburbs compared to the outer, for example werribee only has 4% difference?
or could we conclude that the REIV is complicit in its propaganda and artifically creating higher medians.
any ideas?
i'm concentrating on melbourne here: all median prices, all houses
samples:
first number REIV,
(second in brackets APM)
third is % difference based on APM value
Altona 505K (380K) 45%
Hawthorn 1220K (777K) 57%
Burwood 710K (526K) 35%
Camberwell 1152K (900K) 28%
Prahran 843K (676K) 25%
Sunshine 353K (275K) 28%
Werribee 225K (216K) 4%
Melton 200K (184K) 8.6%
Surrey Hills 1050K (794K) 32%
Pakenham 270K (249K) 8.4%
sources
REIV: Realestate view http://www.realestateview.com.au/ - this is dec07 median values
APM: Feb API Mag - these are 12 months to oct 07 values,
now i know there are 2 months difference in the stats but surely the differences cannot be that big?
obviously there are some differences in methods/assumptions behind them but i'm not sure what they are, suffice to say there are some very big differences in them. the much larger differences are found in the inner suburbs compared to the outer, for example werribee only has 4% difference?
or could we conclude that the REIV is complicit in its propaganda and artifically creating higher medians.
any ideas?
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