Bedrooms
A bedroom must have 4 walls, a window and a door and must be large enough to fit a bed. Studies are not counted as bedrooms.
House
For statistical purposes we classify the following property types as a house:
- detached houses
- terraced houses
- semi-detached houses
- duplexes
Unit
For statistical purposes we classify the following property types as a unit:
- flats
- units
- apartments
- townhouses
- villas
- bed-sitters
Carparks
Carparks includes any undercover carparks and any other off-street parking on the property.
Bathrooms
Rooms counted as bathrooms can include ensuites, powder rooms, separate toilets etc.
Rooms
A count of all living areas and bedrooms. This does not include Bathrooms or Laundries.
Private Sale (PS)
Private Sale is used where a property is not sold via Auction, Tender or Expression of Interest.
It is also used for auctions that sell more than one day after the scheduled auction and for most methods of set sale that are not classified as a Tender or Expression of Interest.
Expression of Interest (EOI)
Expression of Interest is similar to a tender but much less formal, written offers are required by a specific date but the property is sold under a General or Exclusive sale authority.
Sale By Tender (T)
Sale by Tender is used where a property is sold as part of a formal tender process.
Passed In Vendor Bid (VB)
Passed in at Vendor Bid is used where a property is passed in on the day of auction where the final bid is a Vendor Bid.
Passed in at Auction (PI)
Passed in at Auction is used where a property is passed in on the day of auction on a public bid or with no bids.
Sold After Auction (SA)
A transaction is listed as Sold After Auction in cases where the property is sold the day after a scheduled auction.
If a property sells more than one day after a scheduled auction it is listed as a Private Sale.
For example if a property passed in at auction on Saturday and sold on Sunday it would be listed as Sold After Auction but if it were sold on Monday it would be listed as a Private Sale.
Auction Sale (SO)
A transaction is listed as an Auction Sale where the property is sold at auction or by negotiation on the same day following the conclusion of the auction.
Sold Before Auction (SB)
A transaction is listed as Sold Before Auction when the property is sold prior to the commencement of a scheduled auction.
This method is not to be used in cases where an auction has not been scheduled for the property. If a property is intended to be auctioned but sells prior to an auction being scheduled it must be listed as a Private Sale