A Victorian agent is preparing a Property Price Statement for a house in metropolitan Melbourne. Which comparable sales may she use?
Correct Answer
D) Sales within 2 km of the property in the last 6 months
For the Property Price Statement, comparable sales must be within 2 km and sold in the last 6 months for properties in metropolitan Melbourne. Outside metropolitan Melbourne, they must be within 5 km and sold in the last 18 months. The estimate should take into account the 3 most comparable properties, and the statement must say if fewer than 3 were used.
Why This Is the Correct Answer
Metropolitan Melbourne comparables must be within 2 km and sold within the last 6 months.
Why the Other Options Are Wrong
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