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Home values rise as Sydney bounces back

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Your Investment Property | 02 Jun 2016, 04:42 AM Agree 0
Speculation investor activity is on the increase as conditions in Sydney drives up the price of Australian homes
  • Robert Salisbury | 04 Jun 2016, 10:09 AM Agree 0
    A median price rise can rise due to more high end properties being sold. With May being those properties sold after Easter, it is logical that many of the discerning less urgent wealthier homes came on track and so they raised the middle price - the median - so the median price rose. But your house did not go up in value. The value of a specific houses can only be determined by sale or long term trend. This blip in median price due to Easter is predictable and not reliable to trend. Only sustained rising figures over a quarter or longer can be relied upon.
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