Comparative Market Analysis (CMA) Property Report
Comparative Market Analysis (CMA) Property Report is a report generated on a specific property. A quick overview of a suburb can be obtained though a free suburb profile from residex http://www.residex.com.au/free-report
CMA Property Reports contain extensive information about a property of your choice.
Each report is very informative, giving you a breakdown about the property you are looking at purchasing, including a description and previous sale prices. The report also goes a step further and provides information such as recent sales in the area, a profile of the suburb including median sale prices, a breakdown of the demographics of the area including household structure, how many people rent vs. own in the suburb, the age breakdown of the area and the average income in the area. It also provides the predicted growth of the suburb. CMA’s are very comprehensive and are a great tool to help you understand the attributes of the property and suburb.
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