15-03-2013, 12:54 PM
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#52
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Long live the Falcon GT
Join Date: Feb 2008
Location: Victoria
Posts: 1,630
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Re: New and 2nd hand car prices in Australia... Why so expensive?
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Quote:
Originally Posted by bobthebilda
Steves original post was "its like house prices - paying $500,000 for an average house is simply retarded". It says average.
So, to work out the average, you dont grab a few hundred thousand low priced properties, you "AVERAGE" them with the high priced properties. Thus you look at articles like -
http://www.globalpropertyguide.com/P.../Price-History
And you think if the 8 capital cities have an average price of $532,000 and they contain a vast majority of the housing stock in Australia (and it could be adjusted a little due to higher average prices in mining towns, but lower prices in small country towns), then you would safely assume that $500,000 is a fair call. And you wouldnt even contemplate highlighting that someone can still buy a house for $200,000 because its not an "AVERAGE" |
Wow - and here I was thinking we were talking about 2nd hand cars....... ;)
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