VIC Single Residential Property Located In The Melbourne Metropolitan Area User Guide

VIC Single Residential Property Located In The Melbourne Metropolitan

Area

Product Information

Specifications

• Product: Single residential property
• Location: Melbourne metropolitan area
• Legal Compliance: Sections 47AF of the Estate Agents Act 1980
• Property Type: House
• Offered for Sale: Yes
• Address: 5 BEAGLE STREET, TARNEIT, VIC 3029
• Indicative Selling Price: $580,000 to $620,000
• Median Sale Price: $650,000 (01 October 2022 to 30 September 2023)
• Source: Suburb TARNEIT
• Comparable Property Sales:
  • Address of Comparable Property 1: 4 BEAGLE ST, TARNEIT, VIC 3029
  • Price of Comparable Property 1: $641,000
  • Date of Sale of Comparable Property 1: 03/08/2023
  • Address of Comparable Property 2: 9 WENDY WAY, TARNEIT, VIC 3029
  • Price of Comparable Property 2: $635,500
  • Date of Sale of Comparable Property 2: 08/05/2023
  • Address of Comparable Property 3: 408 HOGANS RD, TARNEIT, VIC 3029
  • Price of Comparable Property 3: $570,000
  • Date of Sale of Comparable Property 3: 20/07/2023
• Statement of Information Prepared on: 30/10/2023

Product Usage Instructions

Location

The single residential property is located in the Melbourne metropolitan area.

Legal Compliance

The sale of this property complies with Sections 47AF of the Estate Agents Act 1980.

Property Details

The property being offered for sale has the following details:

• Address: 5 BEAGLE STREET, TARNEIT, VIC 3029
• Indicative Selling Price Range: $580,000 to $620,000
• Median Sale Price for the period between 01 October 2022 and 30 September 2023: $650,000

Comparable Property Sales

The estate agent or agent’s representative has identified three comparable properties sold within two kilometers of the property for sale in the last six months. The details of these properties are as follows:

• Comparable Property 1:
  • Address: 4 BEAGLE ST, TARNEIT, VIC 3029
  • Price: $641,000
  • Date of Sale: 03/08/2023
• Comparable Property 2:
  • Address: 9 WENDY WAY, TARNEIT, VIC 3029
  • Price: $635,500
  • Date of Sale: 08/05/2023
• Comparable Property 3:
  • Address: 408 HOGANS RD, TARNEIT, VIC 3029
  • Price: $570,000
  • Date of Sale: 20/07/2023

Statement of Information

The Statement of Information was prepared on 30/10/2023. For more information, you can visit consumer.vic.gov.au.

Frequently Asked Questions

What is the location of the property?

The property is located in the Melbourne metropolitan area.

What is the legal compliance for the sale of this property?

The sale of this property complies with Sections 47AF of the Estate Agents Act 1980.

What are the property details?

The property being offered for sale has the following details:

• Address: 5 BEAGLE STREET, TARNEIT, VIC 3029
• Indicative Selling Price Range: $580,000 to $620,000
• Median Sale Price for the period between 01 October 2022 and 30 September 2023: $650,000

Can you provide information on comparable property sales?

The estate agent or agent’s representative has identified three comparable properties sold within two kilometers of the property for sale in the last six months. The details of these properties are as follows:

• Comparable Property 1:
  • Address: 4 BEAGLE ST, TARNEIT, VIC 3029
  • Price: $641,000
  • Date of Sale: 03/08/2023
• Comparable Property 2:
  • Address: 9 WENDY WAY, TARNEIT, VIC 3029
  • Price: $635,500
  • Date of Sale: 08/05/2023
• Comparable Property 3:
  • Address: 408 HOGANS RD, TARNEIT, VIC 3029
  • Price: $570,000
  • Date of Sale: 20/07/2023

When was the Statement of Information prepared?

The Statement of Information was prepared on 30/10/2023.

Where can I find more information?

For more information, you can visit consumer.vic.gov.au.

Statement of Information

Single residential property located in the Melbourne metropolitan area

Sections 47AF of the Estate Agents Act 1980

Instructions: The instructions in this box do not form part of this Statement of Information and are not required to be included in the completed Statement of Information for the property being offered for sale.

• The Director of Consumer Affairs Victoria has approved this form of the Statement of Information for section 47AF of the Estate Agents Act 1980.
• The estate agent or agent’s representative engaged to sell the property is required to prepare this Statement of Information. It must be used when a single residential property located in the Melbourne metropolitan area is being offered for sale. The
• Determination setting out the local government areas that comprise the Melbourne metropolitan area is published on the Consumer Affairs Victoria website at consumer.vic.gov.au/underquoting. The indicative selling price in this Statement of Information may be expressed as a single price, or as a price range with the difference between the upper and lower amounts not more than 10% of the lower amount.
• This Statement of Information must be provided to a prospective buyer within two business days of a request and displayed at any open for inspection for the property for sale.
• It is recommended that the address of the property being offered for sale be checked at services.land.vic.gov.au/landchannel/content/addressSearch before being entered in this Statement of Information.

Property offered for sale

Address Including suburb and postcode
5 BEAGLE STREET, TARNEIT, VIC 3029

Indicative selling price

For the meaning of this price see consumer.vic.gov.au/underquoting

Price Range: $580,000 to $620,000

Median sale price

• Median price
  $650,000

• Property type
  House

• Suburb
  TARNEIT

• Period
  01 October 2022 to 30 September 2023

• Source

Comparable property sales

These are the three properties sold within two kilometres of the property for sale in the last six months that the estate agent or agent’s representative considers to be most comparable to the property for sale.

This Statement of Information was prepared on: 30/10/2023

consumer.vic.gov.au/

References

• Consumer Affairs Victoria - Consumer Affairs Victoria
• Understanding property prices and underquoting for buyers - Consumer Affairs Victoria

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