Suburb profiles

To assist buyers looking to purchase in the Inner North, I have a built a profile sheet for the following suburbs. Clicking on the links will start a new window with the selected suburb profile.

Sources:
Community Profile, Australian Bureau of Statistics
REIQ Profile, Real Estate Institute of Queensland

Albion	Community Profile	REIQ Profile
Ascot	Community Profile	REIQ Profile
Clayfield	Community Profile	REIQ Profile
Hamilton	Community Profile	REIQ Profile
Hendra	Community Profile	REIQ Profile
Newstead	Community Profile	REIQ Profile

Explanation and use of the Median House Price:

The median house price is a commonly used indicator of the strength and direction of a housing market. The median price is the midpoint of all the prices of homes sold in a given area during a specified period. Specifically, half the number of homes sold for a higher price than the median and half the homes sold for a lower price. This is different to the average house price, which is calculated by simply totaling all the sale prices and dividing by the number of sales.

The median price is useful when looking at house price trends as it avoids the data being skewed by extremely large or small sale prices. The median price also shows the characteristics and sizes of homes sold as well as price trends. For example, if the market shifts from unrenovated Queensland workers' cottages to luxury mansions, the median price will increase even if homes in the area are not actually appreciating in value. Hence care should be taken when using the median price over a short time frame or in a small sample area.