Deakin University MMP111: House Valuation and Comparison Report

This report, prepared for the Department of Finance's MMP111 Introduction to Property course at Deakin University, analyzes the valuation of a residential property in Burwood, Australia. The report begins with a detailed description of the subject property, a cottage with specific features like surface area, construction materials, and amenities. It then identifies and describes three comparable properties in the Burwood area, evaluating their characteristics, including selling prices, land sizes, and features. The report compares these properties to the subject property, considering factors such as location, size, condition, and market trends. The analysis includes clearance rates, zoning regulations, and transport accessibility to assess the subject property's value and provide a comprehensive overview of the local residential property market. The report references several academic sources to support its findings.