What does the median value property actually buy you in the capital cities?

We all hear median prices and values quoted but what is a median and more importantly what does the median property look like, we're going to answer that question today.

The median is the middle value in a set of figures when they are arranged from highest to lowest. When talking about housing, the median is preferred to an average because averages are more inclined to be biased higher or lower depending on the type of properties which sold over a period.

Median prices and median values will often be talked about and the…