CONSUMER AFFAIRS VICTORIA 10658820 Single Residential Property User Guide

: July 16, 2024
: CONSUMER AFFAIRS VICTORIA

Table of Contents

CONSUMER AFFAIRS VICTORIA 10658820 Single Residential Property
Product Information
Product Usage Instructions
Statement of Information
References
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CONSUMER AFFAIRS VICTORIA 10658820 Single Residential Property

Product Information

Specifications

Property Type: Single residential property
Location: Melbourne metropolitan area
Address: 897 BALLARAT ROAD, DEER PARK, VIC 3023
Selling Price Range: $980,000 to $1,050,000
Median Sale Price: $643,000
Property Type: House
Sale Period: 01 April 2023 to 31 March 2024
Comparable Property Sales:
- 36 LEILA ST, DEER PARK, VIC 3023 – Price: $850,000, Date of Sale: 21/06/2024
- 40 CARROLL ST, DEER PARK, VIC 3023 – Price: $830,000, Date of Sale: 29/01/2024
- 52 MILLBANK DR, DEER PARK, VIC 3023 – Price: $743,000, Date of Sale: 24/02/2024
Statement of Information Prepared on: 26/06/2024

Product Usage Instructions

Step 1: Location and Address
The property is located at 897 BALLARAT ROAD, DEER PARK, VIC 3023 in the Melbourne metropolitan area.
Step 2: Selling Price
The property is offered for sale within the price range of $980,000 to $1,050,000. For detailed pricing information, visit consumer.vic.gov.au/underquoting.
Step 3: Property Type and Period
The property is a single residential house available for sale from 01 April 2023 to 31 March 2024.
Step 4: Comparable Sales
Review the three most comparable properties sold within two kilometers of the property in the last six months for pricing insights.

FAQs

Q: How do I determine the median sale price?
A: The median sale price is calculated based on the middle value of all the sale prices listed within a specific timeframe.
Q: Can I negotiate the selling price?
A: Yes, you can negotiate within the indicated price range based on market conditions and your preferences.
Q: Where can I find more information about underquoting regulations?
A: Visit consumer.vic.gov.au/underquoting for detailed information on underquoting rules and guidelines.

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

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

Median sale price

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:

consumer.vic.gov.au/