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Statement of InformationSingle residential property located in the Melbourne metropolitan area Sections 47AF of the Estate Agents Act 1980 Property offered for sale Address Including suburb and 3
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How to fill out median sale price
How to fill out median sale price
01
Determine the time period for which you want to calculate the median sale price.
02
Collect the data of all the sale prices within that time 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 the median sale price using the formula or method determined in step 4.
06
Fill out the median sale price by entering the calculated value in the appropriate field or column.
Who needs median sale price?
01
Real estate agents and brokers who want to analyze market trends.
02
Homebuyers and sellers who want to understand the average sale prices in an area.
03
Property investors who are looking for information to make informed decisions.
04
Researchers and economists studying the real estate market.
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What is median sale price?
The median sale price is the middle point of all sales prices when they are arranged in ascending order.
Who is required to file median sale price?
Any individual or entity involved in selling real estate properties is required to file the median sale price.
How to fill out median sale price?
To fill out the median sale price, you need to compile a list of all sale prices, arrange them in ascending order, and calculate the middle value.
What is the purpose of median sale price?
The purpose of the median sale price is to provide a more accurate representation of the typical sale price, as it is not influenced by extreme values.
What information must be reported on median sale price?
The median sale price report must include details of all properties sold, their corresponding sale prices, and the calculated median value.
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