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STATEMENT OF INFORMATION Section 47AF of the Estate Agents Act 19808A TORUS CRESCENT, WILLIAMSON, Indicative Selling Price For the meaning of this price see consumer.vic.au/underquotingPrice Range:$1,100,000
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To fill out median sale price, follow these steps: 1. Gather the sales data for the specific period you want to calculate the median sale price for.
02
Arrange the sales data in ascending order, from the lowest sale price to the highest.
03
Identify the middle value in the arranged data set. If there is an odd number of data points, the middle value is the median. If there is an even number of data points, take the average of the two middle values.
04
The resulting value is the median sale price for the given period.

Who needs median sale price?

01
Median sale price is useful for various individuals and organizations:
02
- Real estate agents and brokers use it to determine market trends and provide accurate pricing recommendations to clients.
03
- Homebuyers and sellers use it to understand the average sale price in a specific area and make informed decisions.
04
- Appraisers and lenders use it to assess the value of a property and determine mortgage loan amounts.
05
- Investors and analysts use it to evaluate the performance of the real estate market and identify profitable opportunities.
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The median sale price is the middle value of sale prices in a given dataset, which divides the dataset into two equal halves.
Individuals or entities that engage in real estate transactions, particularly those involved in sales of properties, are typically required to file median sale price.
To fill out median sale price, you need to gather sale price data for your properties, calculate the median value, and report this figure on the designated forms according to local regulations.
The purpose of median sale price is to provide a statistical measure of property values within an area, helping in market analysis and taxation.
Information that must be reported includes the sale price, property details, transaction date, and any other required information as specified by local authorities.
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