Look Beyond Headlines

I have always believed that medium price statistics are somewhat misleading. See this story...

"The difference in investor sentiment in the past few months has been extraordinary," Braxton Chase director Andrew Donnelly says. "The first thing many investors approaching us ask now is 'will the market implode?'. Many are clearly having difficulty understanding all the interpretations on where prices are heading."

Braxton Chase believes the reason is the frequent use of average and median price data, which creates a broad impression that prices are falling dramatically, but doesn't reflect localities that might be performing well in terms of capital growth.

See The Australian. 16 August 2008