Property prices for sale in Warrnambool (Victoria)
The prices in real estate in Warrnambool, in the Victoria 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 Warrnambool has increased strongly during the last 6 months. In October, the average price per m² was $404. In November this price pretty much remained the same at a value of $413 per m². The price for the following two months in (December, January) had a considerable increment of 254 %. The price per m² has had a considerable increase of 155 % 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 $724 to $1,120 during February, and March.
Based upon to the price in Warrnambool (suburbs), this has gone up considerably in the last 6 months. In our first sample month during October, the average price is $441,183. In November This price remains at $438,745. During the following two months (December, January) the average price had a considerable increase of 118 % 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 gone up 111 % during the last two months.
The graph displaying the average price for bedrooms illustrates that those properties with 2 bedrooms are the cheapest ones. At a price of $441,463 they are 6 % more affordable than the average price for Warrnambool. The properties with the highest average price have 4 bedrooms, Their price is 28 % more costly than the average. After that we have properties with 3 bedrooms priced at $482,228.
With regard to the average price per m² , those properties with 4 bedrooms are the most costly ones at a cost of $514 / m², with an average $372 / m² price in Warrnambool. The properties with the highest average prices have 1 bedroom. They are 306 % more expensive than the average followed by properties with 2 bedrooms with a price at $848 / m².
With regard to the average price based upon the property in Warrnambool we can see that the cheapest property type is "House" at a price of $437,636, they are 1 % more affordable than the average price of (!PRECIO2!). "House" has the lowest price. This price is 1 % more affordable than the average price aforementioned.
According to the average area price by m² the most costly property type is "House with an average price of $385 / m². "House" at an average price of $385 / m² has the most expensive price and would be directed at more affluent cities.
