Why do property an analysts use median house price?
Median house price explained
There are technical reasons why the median provides a more accurate picture of what is happening to the prices of houses rather than the average.
As an example, assume there are 11 houses sold in a month with a price range of $200,000 to $300,000 and an average price of $250,000.
Now replace one of those houses with a house that sold for $1 million. The average is now $318,182, even though 10 of the 11 houses for the month sold for less than this value.
The median would be the price of the middle house sold in the range (in this case the sixth house), which more accurately reflects what the majority of the houses sold for.
REINZ uses medians to provide a more accurate measure of the mid-point of house prices that reflects what most people are going to be buying and selling houses for.
A Neighbourly Riddle! Don’t Overthink It… Or Do?😜
Do you think you know the answer? Simply 'Like' this post if you know the answer and the big reveal will be posted in the comments at 2pm on the day!
If you multiply this number by any other number, the answer will always be the same. What number is this?
Poll: Should the government levy industries that contribute to financial hardship?
As reported in the Post, there’s a $30 million funding gap in financial mentoring. This has led to services closing and mentors stepping in unpaid just to keep helping people in need 🪙💰🪙
One proposed solution? Small levies on industries that profit from financial hardship — like banks, casinos, and similar companies.
So we want to hear what you think:
Should the government ask these industries to contribute?
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56.7% Yes, supporting people is important!
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27% No, individuals should take responsibility
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16.3% ... It is complicated
Wanted, chunky blocks of wood/offcuts no smaller than 10cm X 10cm, steel rods for an art installation. Example in image...
Hi neighbours, I am an artist and I am looking for chunky blocks of wood, offcuts, any wood but must be chunky , minimum 10cm cubed or larger. They don't need to be perfect, irregular shapes will be fine, any type of wood. Also I need steel rods.... eg: refer to image .
If you have any or can recommend where to find please contact
Jacki : 021 0735661
I am happy to pay a fee. Thanks in advance.
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