It’s easy to get the impression that prices are falling everywhere, because media provides very shallow and generalised analysis of what’s happening in property markets.

When you dig a little deeper and look behind the generalised figures, you find that there are markets within markets.

And the reality right now is that the Top End of our big city markets is the sector that is falling – and it’s dragging down the general median price figures for Sydney, Melbourne and Brisbane, creating the impression that prices are falling across the board.

They’re not – it’s the millionaire suburbs that are dropping while the affordable markets, where most people live, continue to perform well.