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Statement of InformationSingle residential property located in the Melbourne metropolitan area Section 47AF of the Estate Agents Act 1980 Property offered for sale Address 6 Frances Street, The Highest
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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 the data: Gather information on the sale prices of the relevant properties.
03
Calculate the median: Arrange the sale prices in ascending order and find the middle value. If there is an even number of prices, take the average of the two middle values.
04
Record the median sale price: Once the calculation is complete, write down the median sale price as the final result.

Who needs median sale price?

01
Median sale price is useful for various stakeholders including:
02
- Real estate agents: They can use the median sale price to determine fair market value and guide their clients in setting the right asking price.
03
- Buyers and sellers: Knowing the median sale price helps them gauge market trends and make informed decisions about purchase or sale.
04
- Appraisers: They use median sale price as a reference point to estimate property values.
05
- Investors: Median sale price data allows them to assess the profitability and potential return on investment of properties.
06
- Government agencies: They may use median sale price to analyze housing market conditions and develop appropriate policies.
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The median sale price is the middle value in a list of sale prices, which means that half of the sales are above this price and half are below it.
Real estate agents and home sellers are typically required to file median sale price data as part of the property sale reporting process.
To fill out the median sale price, collect all sale prices of similar properties, arrange them in numerical order, and identify the middle value.
The purpose of the median sale price is to provide an accurate measure of the market value of properties and to assist in determining pricing trends.
Sales data including property addresses, sale prices, dates of sale, and property type must be reported when submitting median sale price.
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2019 1980 highett hodges approx sqm 47af vg postcode au underquoting reiv representations applicable median gov herein kilometres comparable indicative suburb constitute particulars transactions melbourne generated metropolitan delete residential

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