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The Name Of Your Street Affects Your House Value

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CBC

The median price of a home in the U.S. is approximately $200,000. In many other Western countries the median price could be double or triple that amount!

A group of high school girls at Sacred Heart College Geelong, located in Victoria, Australia, discovered something fascinating when analyzing house sales on city streets over the past 47 years.

They teamed up with staff from the Australian Bureau of Statistics, the University of Sydney, and a Melbourne real estate agent to identify a strange trend that's been going on for decades.

A science project that first involved looking at the names of streets on Google Maps and analyzing more than 4,500 property sales changed they way they viewed the housing market.

The results were rather...silly.

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