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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 6/126 Center Road, Brighton
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How to fill out median sale price

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How to fill out median sale price

01
Determine the period for which you want to calculate the median sale price.
02
Collect data on the sale prices of relevant properties within the specified period.
03
Arrange the sale prices in ascending order.
04
If the number of sale prices is odd, the median is the middle value. If the number of sale prices is even, the median is the average of the two middle values.
05
Calculate and record the median sale price for the specified period.

Who needs median sale price?

01
Real estate agents and brokers use median sale price to assess the current market value of properties and to determine appropriate listing prices.
02
Buyers and sellers may also use median sale price as a reference to negotiate prices and make informed decisions.
03
Investors and financial analysts utilize median sale price data to evaluate trends and make predictions about the real estate market.
04
Government agencies and urban planners use median sale price to study housing affordability and develop housing policies.
05
Researchers and academics may analyze median sale price to study economic patterns and impact on communities.
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The median sale price is the middle number in a list of all the sale prices arranged in ascending order.
Individuals or businesses involved in real estate transactions are required to file median sale prices.
You can fill out the median sale price by calculating the middle number of all the sale prices in a transaction and reporting it accurately.
The purpose of median sale price is to provide an accurate representation of the typical sale price in a particular market.
The median sale price report must include details of all the sale prices in a transaction and the calculated middle number.
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