It’s always good to review median prices
REAL estate agents across Victoria are bound by a code of ethics requiring them to act fairly and honestly in their dealings with property buyers.
In a buoyant market, it is not always possible for agents to predict the final selling price of a property, however they can guide buyers to what they feel the final purchase price may be based on historic sales within that area.
Buyers should also be aware of the additional costs involved when purchasing, such as continuing outgoings, land taxes etc and take these into account before signing on the dotted line.
Buyers are advised to always review median prices when seeking to purchase a home or an apartment either on or off the mountain.
Any member of the public that has an issue with price quoting can always refer the matter to Consumer Affairs Victoria (CAV).