The Age reported yesterday that the median Abbotsford property sale price — that is the middle number when all the sales results are lined up in chronological order — was 12.7% higher in the first three months of this year compared with the last three months of last year. But there were fewer than 30 sales results in the line of numbers, and the data are therefore implicitly not statistically reliable. The median was $575,000 in the first 3 months of this year, compared with the median for the whole of Melbourne of $380,000, and the median for houses within 10 km of the city of $566,000 (that figure is up 15% on a year ago, compared with the whole of Melbourne figure which is up only 5.3%). Richmond and Collingwood were also up about 10%, but Fitzroy — also with fewer than 30 sales — and Clifton Hill were down about 5%. The median sale prices in the last 3 months were: Continue reading “Abbotsford house prices go up”
