30/10/2026
Victoria’s new Property Price Statement is useful because it gives buyers more information to examine the comparison behind a property price estimate.
The key issue is similarity. A nearby house, townhouse or apartment may not be a meaningful comparison if its bedrooms, bathrooms, car spaces, internal floor area or land size are materially different.
It is also worth noticing how many suitable comparisons are available. If only one or two can be identified, those properties must be included rather than implying there is a larger set of directly comparable homes.
The statement can improve the conversation, but comparable sales remain a guide rather than a promise of the eventual selling price.
When reading one, focus on whether the evidence reflects the property you are considering.