House prices in Kingfisher Bay (a) Provide an overall summary of house prices in Kingfisher Bay. (b) The media articles focus on median house prices and not the mean. I have never been able to understand why this is so; surely the “average” is the “average”. Can you provide a straightforward answer for me?

 

  1. House prices in Kingfisher Bay

(a) Provide an overall summary of house prices in Kingfisher Bay.

(b) The media articles focus on median house prices and not the mean. I have never been able to understand why this is

so; surely the “average” is the “average”. Can you provide a straightforward answer for me?

(c) Provide an accurate estimate of the average house price for all houses in Kingfisher Bay.

(d) Likewise, what is the estimation of the proportion of all houses in Kingfisher Bay that are $1million and more?

 

 

 

  1. House prices vs. condition/suburb

(a) If you can, please supply me with a brief summary on the condition of houses in Kingfisher Bay.

(b) Does there appear to be any differences

  1. among the suburbs in terms of condition?
  2. in house prices by condition in Kingfisher Bay?

iii. in the house prices between the suburbs?

(c) From your completed analyses so far, can you determine whether suburb or condition has a bigger impact on house prices?

 

 

 

 

  1. House prices vs. factors influencing house prices

(a) It is widely believed that higher house prices are being driven by those seeking good rental investments. Is there any basis to this belief?

(b) What are the key indicators of higher house prices?

 

 

 

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