VIC Single Residential Property Located In The Melbourne Metropolitan Area User Guide
- June 15, 2024
- VIC
Table of Contents
VIC Single Residential Property Located In The Melbourne Metropolitan
Area
Product Information
Specifications
- Property Type: Single residential
- Location: Melbourne metropolitan area
- Address: 2/44 CANNING STREET, AVONDALE HEIGHTS, VIC 3034
- Indicative Selling Price Range: $620,000 to $670,000
- Median Sale Price: $625,000
Product Usage Instructions
Step 1: Property Details
Make sure you have the correct property details:
- Address: 2/44 CANNING STREET, AVONDALE HEIGHTS, VIC 3034
- Suburb: AVONDALE HEIGHTS
- Postcode: 3034
Step 2: Understanding the Selling Price
The indicative selling price range for the property is between $620,000 and $670,000. This range provides an estimate of the expected sale price. For more information on the meaning of this price range, please visit consumer.vic.gov.au/underquoting.
Step 3: Median Sale Price
The median sale price for similar properties in the area is $625,000. This serves as a reference point for evaluating the property’s value.
Step 4: Comparable Property Sales
The following are three properties that have been sold within two kilometers of the property for sale in the last six months. These properties are considered to be the most comparable to the property for sale:
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Address: 2/15 ARBOR TCE, AVONDALE HEIGHTS, VIC 3034
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Price: $627,000
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Date of Sale: 29/07/2023
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Address: 20 RIVER DR, AVONDALE HEIGHTS, VIC 3034
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Price: $632,500
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Date of Sale: 14/10/2023
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Address: 4/9B WEYBURN PL, AVONDALE HEIGHTS, VIC 3034
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Price: $695,000
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Date of Sale: 15/06/2023
FAQ
Q: What is the indicative selling price range?
A: The indicative selling price range is an estimate of the expected sale price for the property. In this case, it is between $620,000 and $670,000.
Q: What is the median sale price?
A: The median sale price is the middle point of all the sale prices for similar properties in the area. For this property, the median sale price is $625,000.
Q: How can I determine if a property is comparable?
A: Comparable properties are those that have similar characteristics and are located within a reasonable distance from the property for sale. The estate agent or agent’s representative considers these properties to be the most similar in terms of location, size, and other relevant factors.
Q: Where can I find more information about underquoting?
A: For more information about underquoting and the meaning of the indicative selling price range, please visit consumer.vic.gov.au/underquoting.
Q: How recent are the comparable property sales?
A: The three comparable property sales mentioned in the user manual were sold within the last six months prior to the preparation of this statement (15/11/2023).
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
2/44 CANNING STREET, AVONDALE HEIGHTS, VIC 3034
Indicative selling price
For the meaning of this price see consumer.vic.gov.au/underquoting
Price Range: $620,000 to $670,000
Median sale price
-
Median price
$625,000 -
Property type
Unit -
Suburb
AVONDALE HEIGHTS -
Period
01 April 2023 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: 15/11/2023