Episode 18 challenges the advice to buy under the suburb median. We explain why the median has nothing to do with what an individual property is worth, and why real value is determined by recent sales of similar properties nearby, not a suburb wide price marker.
The episode shows how this strategy can mislead investors, cause them to ignore half the market, and waste valuable time in rising conditions.
The takeaway is simple. Buying under the median does not give you an edge. What matters is buying the right property in the right market at fair value.
Episode Highlights:
00:00 - Introduction
01:03 - Suburb median has no relation to value of any property
01:29 - What is median and how is it calculated?
02:55 - Comparable market analysis
04:35 - Buying below the median
08:15 - Real-world examples
15:02 - Opportunity cost
17:35 - Hypothetical
18:50 - Conclusion
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