Property prices for sale in Bankstown (New South Wales)
The prices in real estate in Bankstown, in the New South Wales region have had a strong rise in the last couple of months. The real estate prices for second hand homes have gone through a strong increase in this city.
The price per m² in Bankstown has increased strongly during the last 6 months. In October, the average price per m² was $635. In November this price pretty much remained the same at a value of $638 per m². In the following two months the price per m² has increased 107 %, going from $636.5 to $682.5 per m². The price per m² has had a considerable increase of 165 % in the last two months compared to the average price for the previous four months. This was obtained by comparing the first four months of the period going from a price per m² of $659.5 to $1,089.5 during February, and March.
Based upon to the price in Bankstown (suburbs), this has gone downing the last 6 months. In our first sample month during October, the average price is $324,796. In November This price remains at $317,639. During the following two months (December, January) the average price had a considerable reduction of 72 % with regard to the previous two months. Based on an analysis of the first four prices and the last two months the average price has risen strongly 125 % during the last two months.
The graph displaying the average price for bedrooms illustrates that those properties with 2 bedrooms are the most costly ones. At a price of $315,583 they are 1 % more expensive than the average price for Bankstown. Following this ranking we find those properties with 3 at an average price of $340,991. The properties with the highest average price have 4 bedrooms, Their price is 244 % more costly than the average. After that we have properties with 1 bedroom priced at $397,102.
With regard to the average price per m² , those properties with 3 bedrooms are the cheapest ones at a cost of $385 / m², with an average $641 / m² price in Bankstown. The properties with the highest average prices have 4 bedrooms. They are 421 % more expensive than the average followed by properties with 1 bedroom with a price at $1,202 / m².
The graph displaying the average prices displays the property type "House" as the most costly one. At an cost of $315,583 it is 242 % more expensive than the average price in Bankstown. "Apartment" is seen as the second dearest property type. The dearest property type is "Apartment" followed by "House". At a price of $1,079,842 it is 244 % more expensive than the average price.
According to the average cost per m², the most expensive property type would be "House" at an average cost of $3,318 / m² followed by "Apartment" priced at $3,338 / m². "Apartment" is the most costly type of property with a $3,338 / m² cost followed by "House" with an average price of $3,318 / m².
