VIC Statement of Information Belsize Avenue Carnegie User Guide

VIC Statement of Information Belsize Avenue Carnegie

Product Information

Specifications

• Address: 303/9 BELSIZE AVENUE, CARNEGIE, VIC 3163
• Property Type: Single residential
• Location: Melbourne metropolitan area
• Indicative Selling Price: $700,000 to $770,000
• Median Sale Price: $600,000
• Period: 01 October 2022 to 30 September 2023
• Unit Source: Suburb CARNEGIE

Product Usage Instructions

• Step 1: Property Information
  The property being offered for sale is a single residential unit located in the Melbourne metropolitan area. The address of the property is 303/9 BELSIZE AVENUE, CARNEGIE, VIC 3163.

• Step 2: Indicative Selling Price
  The indicative selling price for the property is in the range of $700,000 to $770,000. This price range is provided for reference purposes and can be subject to change.

• Step 3: Median Sale Price
  The median sale price for properties in the area is $600,000. This indicates the market value.

• Step 4: Comparable Property Sales
  The estate agent or agent’s representative has identified three comparable properties that have been sold within two kilometers of the property for sale in the last six months. These properties are:

• 1. Address: 8/18 ETNA ST, GLEN HUNTLY, VIC 3163
  • Price: $766,000
  • Date of Sale: 22/07/2023

2.  **Address:** 202/285 NEERIM RD, CARNEGIE, VIC 3163
  *  **Price:** $735,000
  *  **Date of Sale:** 27/10/2023
3.  **Address:** 201/285 NEERIM RD, CARNEGIE, VIC 3163
  *  **Price:** $720,000
  *  **Date of Sale:** 21/09/2023

Frequently Asked Questions (FAQ)

• What is the indicative selling price?
  The indicative selling price is the estimated price range for the property, which in this case is $700,000 to $770,000.

• What is the median sale price?
  The median sale price is the middle point of all the sale prices in the area, which for this property is $600,000.

• How were the comparable properties selected?
  The estate agent or agent’s representative considered properties sold within a two-kilometer radius of the property for sale in the last six months. They identified three properties that they deemed most comparable based on factors such as location, size, and condition.

• Can the indicative selling price change?
  Yes, the indicative selling price can change as it is subject to market conditions and negotiations.

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 303/9 BELSIZE AVENUE, CARNEGIE, VIC 3163

Indicative selling price

For the meaning of this price see consumer.vic.gov.au/underquoting
Price Range: $700,000 to $770,000

Median sale price

• Median price $600,000
• Property type Unit
• Suburb CARNEGIE
• 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.

References

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

Read User Manual Online (PDF format)

Download This Manual (PDF format)

Download this manual  >>