Why does the annual percentage change presented in the The West Australian's Property Report differ if I compare this year?

Oct 10, 2022, 16:03 PM
Title : Why does the annual percentage change presented in the The West Australian's Property Report differ if I compare this year?

When REIWA releases suburb data in the The West Australian's Property Report, it is important to appreciate that this is preliminary data and the annual percentage change is therefore preliminary.

The percentage change is calculated using final data from the previous year and therefore is not appropriate to calculate the change using the median published in the Property Report a year ago. This was also preliminary data and has invariably changed.

The revised median prices are available in our suburb profiles.

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