In Australian property reporting, the median house price is the figure that appears more than any other. It is repeated constantly and understood correctly far less often than it is used.Monthly median price data is published by multiple providers across every suburb, city, and growth corridor in Australia. The figures move from data tables into ne

What Housing Market Conditions Actually DescribeMarket conditions are the context inside which a property appraisal happens. Understanding that context is part of understanding what the number means.Neither condition is permanent. Both affect how an appraisal is positioned and how a campaign is structured.Understanding where the local market sits a

Anchoring to an Emotional Number Instead of Market DataMost sellers arrive at an appraisal with a number already formed. Not a researched number. A felt one - shaped by what they paid, what they spent, what they hope to clear, or what a neighbour mentioned their place was worth two years ago. That number sits in the room before the agent says a wor

What Online Estimates Are Actually Based OnThey produce a number. The number looks specific. Neither of those things means it reflects the market.The algorithm has never walked through. It does not know the kitchen was renovated last year, or that the rear addition is non-compliant, or that the back boundary abuts a main road.Sellers anchored to an

Why Sellers Who Start With a Price in Mind StruggleMost sellers arrive at an appraisal with a number already formed. Not a researched number. A felt one - shaped by what they paid, what they spent, what they hope to clear, or what a neighbour mentioned their place was worth two years ago. That number sits in the room before the agent says a word.Wh