You are appraising a property on 1000 sqm of land which contains a 1950s weatherboard in poor condition. The property adjoins a state park. You are discussing the potential of the property for subdivision but you are unsure about the environmental protection overlays and regulations which might apply. b) Considering the property's features, how might the following factors affect the price range:

• Local market
• Economic factors
• Political factors
• Social factors
• Sales market conditions
• Supply and demand