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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 Including suburb and postcode351
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How to fill out median sale price
How to fill out median sale price
01
Gather all sale prices for the period in question.
02
Add all the sale prices together to get a total sum.
03
Count the number of sales that took place during the period.
04
Divide the total sum by the number of sales to get the average sale price.
Who needs median sale price?
01
Real estate professionals to analyze market trends.
02
Home buyers to understand current market prices.
03
Investors to make informed decisions about real estate investments.
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What is median sale price?
The median sale price is the middle point at which half the properties sold for more and half sold for less.
Who is required to file median sale price?
Any individual or entity involved in the sale of real estate or property is required to file the median sale price.
How to fill out median sale price?
The median sale price can be filled out by providing the information on the total number of properties sold and the corresponding sale prices, then calculating the median price using those values.
What is the purpose of median sale price?
The purpose of median sale price is to provide a more accurate representation of the typical sale price of properties in a certain area, compared to using the average sale price.
What information must be reported on median sale price?
The information reported on median sale price includes total number of properties sold, individual sale prices, and the calculated median sale price.
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