Comments on: Making Sense Of Median Prices http://investmentmentor.com.au/news-commentary/from-the-desk/making-sense-of-median-prices/ Thu, 09 Feb 2012 05:29:32 +0000 hourly 1 http://wordpress.org/?v= By: “How Many Years Will It Take A Property To Double In Value?” @ mrd http://investmentmentor.com.au/news-commentary/from-the-desk/making-sense-of-median-prices/comment-page-1/#comment-4309 “How Many Years Will It Take A Property To Double In Value?” @ mrd Fri, 17 Jul 2009 06:16:31 +0000 http://investmentmentor.com.au/?p=1416#comment-4309 [...] See also article by Katrina Lockhart “Making Sense Of Median Prices” [...] [...] See also article by Katrina Lockhart “Making Sense Of Median Prices” [...]

]]> By: Martin@mrd http://investmentmentor.com.au/news-commentary/from-the-desk/making-sense-of-median-prices/comment-page-1/#comment-938 Martin@mrd Tue, 24 Feb 2009 22:10:29 +0000 http://investmentmentor.com.au/?p=1416#comment-938 Yes medians can be volatile when considered over short time spans. I live in Mudgeeraba and the unit median prices for 2009 show a drop of 19% in median prices. Alarming?? Not when you see that 2008 showed an increase in value of 47.5%!!!!! 47.5% increase in one year is not realistic and -19% is the correction to be expected. Some years ago I saw Perth medians increase by 46% in one year. This again is going to see a correction so immediately I had my broker refinance my house there and it gave me $206k in a line of credit. Sure enough Perth values corrected and are flat now but I have my $206k and I am sure in the next 6-8 years the values will double again ready for me to refinance again. Yes medians can be volatile when considered over short time spans. I live in Mudgeeraba and the unit median prices for 2009 show a drop of 19% in median prices. Alarming?? Not when you see that 2008 showed an increase in value of 47.5%!!!!! 47.5% increase in one year is not realistic and -19% is the correction to be expected.

Some years ago I saw Perth medians increase by 46% in one year. This again is going to see a correction so immediately I had my broker refinance my house there and it gave me $206k in a line of credit. Sure enough Perth values corrected and are flat now but I have my $206k and I am sure in the next 6-8 years the values will double again ready for me to refinance again.

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