average property price

  1. 5,447 Posts.
    Like shares,take the high priced properties in a suburb off the market and the median price of real estate drops in that suburb. The ordinary man in the street owner is little affected by a slump because his house is below the median price. Take the blue chip high flyers off the market and the index falls; the boring run of the mill stocks stay in their trading range and suffer far less.
    It is more relevant to watch a few properties and the price they change hands over a period of years. That is why I live close to a beach because the winners in this world choose to live there....and there are always winners,even in a downturn.
 
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