The median house price is the starting point for almost every property market conversation in Australia. What it actually measures is far less well understood than how often it is quoted.Every month, data providers publish median house prices for suburbs, cities, and corridors across the cou

When most people ask what their home is worth they are expecting a definitive figure. The reality is a range informed by market data, interpreted through judgement, and subject to variation depending on who conducts the assessment.The question of what a house is worth sounds simple. The proc

Two suburbs can sit fifteen minutes apart and sell for prices that differ by two hundred thousand dollars. The explanation for that gap contains more useful market information than the median figures themselves.Suburb price comparisons are one of the most commonly performed exercises in resi

Most homeowners expect a single number. What they get from a property appraisal is a range, a set of assumptions, and an answer that can shift depending on who is doing the calculating.Most people treat the question of property value as though it has a clean, retrievable answer. What produce

First Impressions and the Appraisal OutcomeA lot of sellers feel uncertain before a property appraisal. Not about whether the home is worth something - but about whether they have done the right things to prepare for it. That uncertainty is reasonable. The appraisal is consequential