Few numbers get more attention in Australian real estate than the median house price. It is also one of the least well understood.Regular median price publications from data providers reach buyers, sellers, and commentators across every market in Australia. They are repeated in news coverage, shared across social platforms, and used by buyers and s

Price and affordability are not interchangeable terms in residential property - the distinction matters more than most buyers realise before they purchase. The gap between those two concepts is not theoretical - it has real financial consequences that emerge over the hold period.Purchase price and affordability are regularly treated as synonymous i

Few numbers get more attention in Australian real estate than the median house price. It is also one of the most misunderstood.Monthly median price data is published by multiple providers across every suburb, city, and growth corridor in Australia. The figures move from data tables into news articles and social feeds and from there into the financi

The typical homeowner goes into an appraisal expecting one clear answer. The reality is a range informed by market data, interpreted through judgement, and subject to variation depending on who conducts the assessment.Most people treat the question of property value as though it has a clean, retrievable answer. What produces that answer is more com

The Limitations Behind Automated Valuation ModelsThey produce a number. The number looks specific. Neither of those things means it reflects the market.The algorithm has never walked through. It does not know the kitchen was renovated last year, or that the rear addition is non-compliant, or that the back boundary abuts a main road.Sellers anchored