What Jo Knows: Property Pricing in Victoria
In Victoria, transparency around property pricing is key, thanks to the requirements for a Statement of Information.
Even when you see listings with Contact Agent, No Price, or a tender date, the price information isn't hidden; it's just a click away. By accessing the Statement of Information through a specified link, you’ll find comprehensive pricing details, including comparables and the expected sale range.
The law permits a 10% advertising range for properties, offering flexibility while maintaining transparency. There's also the option to list with a fixed price or opt for no price at all. However, by diving into the Statement of Information, you’re guaranteed to uncover all the essential pricing insights you need to understand a property's value.
This level of openness is fantastic for ensuring buyers and sellers are well-informed and can engage in the property market with clarity and confidence.
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