actual math mani - Manny Alroy 1.0 Introduction When purchasing investment properties it is important to be aware of patterns and trends in housing

# actual math mani - Manny Alroy 1.0 Introduction When...

• 4

This preview shows page 1 - 2 out of 4 pages.

Manny Alroy 1.0 Introduction When purchasing investment properties, it is important to be aware of patterns and trends in housing prices in certain suburbs to better understand which of them will be most profitable to purchase properties in. in this report, price changes over a five year period from properties in the suburbs Bli Bli and Redcliffe will be compared in order to come to the conclusion of which one will be the better investment. In order to do this, various measurements will need to be calculated. These measurements are: Quartile 0 (minimum) Quartile 1 Median Quartile 3 Quartile 4 (maximum) Interquartile range Mean Range Statistical outliers 2.0 Considerations 2.1 Observations The data used was gathered from and for the Brisbane suburbs Redcliffe and Bli Bli 2.2 Assumptions 2.3 Variables In the data, there are different amounts of beds, bathrooms and size of the properties which could effect the data negatively 3.0 Analysis Suburb Bli Bli 2012 Bli Bli 2020 Redcliffe 2013 Redcliffe 2020 Minimum \$ 278,000 \$ 235,000 \$ 240,000 \$ 335,000 Quartile 1 \$ 335,000 \$ 465,250 \$ 320,000 \$ 405,000 Median \$ 359,500 \$ 557,500 \$ 365,000 \$ 457,750 Quartile 3 \$ 413,000 \$ 624,250 \$ 425,000 \$ 571,250