A valuer is conducting a CMA for a 3-bedroom house. Which property would be the BEST comparable sale?
Correct Answer
D) A 3-bedroom house sold 1 month ago in the same suburb
The best comparable sale should be as similar as possible in terms of property type, size, location, and recency of sale. A 3-bedroom house sold recently in the same suburb provides the most accurate market indication with minimal adjustments required.
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A valuer is determining the capitalisation rate for a retail property investment. The rate should primarily reflect which market factors?