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STATEMENT OF INFORMATION Section 47AF of the Estate Agents Act 198036 CAMPBELL STREET, CRIB POINT, VIC312Indicative Selling Price For the meaning of this price see consumer.vic.au/underquotingPrice
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How to fill out median sale price

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To fill out the median sale price, follow these steps:
02
Collect data on the sale prices of a specific product or service.
03
Determine the total number of sales for that product or service.
04
Sum up all the sale prices and divide by the total number of sales.
05
The resulting value is the median sale price.

Who needs median sale price?

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Median sale price is needed by various individuals and organizations, including:
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- Consumers to make informed purchasing decisions based on average market prices.
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The median sale price is the middle value of a set of sale prices, where half of the prices are above it and half are below. It is often used to gauge the market value of properties.
Typically, sellers of real estate or agents in real estate transactions are required to file the median sale price as part of real estate reporting to establish market trends.
To fill out the median sale price, input the sale price of the property and any required buyer and seller information into the designated form, ensuring accuracy and completeness.
The purpose of reporting the median sale price is to provide accurate data to assess market trends, facilitate property appraisals, and inform buyers and sellers about current market conditions.
Information typically required includes the sale price, date of sale, property address, and details of the buyer and seller involved in the transaction.
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