Property prices for sale in Albion (Victoria)

The price per m² in Albion has fallen in the last 6 months. In October, the average price per m² was $550. In November this price pretty much remained the same at a value of $526 per m². The price for the following two months in (December, January) decreased 90 % with regard to the prior two months. The price per m² has had a considerable deflation of 84 % 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 $512 to $431 during February, and March.

Based upon to the price in Albion (suburbs), these have remained the same in the last 6 months. In our first sample month during October, the average price is $444,288. In November This price remains at $432,163. During the following two months (December, January) the average price had a considerable increase of 117 % with regard to the previous two months. During the last two months the average price has had a strong fall compared to the previous four going from $476,567.25 to $348,068.5, which means a 73 % fall.

The graph displaying the average price for bedrooms illustrates that those properties with 1 bedroom are the cheapest ones. At a price of $327,655 they are 45 % more affordable than the average price for Albion. The properties with the highest average price have 4 bedrooms, Their price is 35 % more costly than the average. After that we have properties with 2 bedrooms priced at $384,615.

With regard to the average price per m² , those properties with 4 bedrooms are the cheapest ones at a cost of $386 / m², with an average $429 / m² price in Albion. The properties with the highest average prices have 2 bedrooms. They are 105 % more expensive than the average followed by properties with 1 bedroom with a price at $566 / m².

The graph displaying the average prices displays the property type "House" as the most affordable one. At an cost of $327,655 it is 2 % cheaper than the average price in Albion. "Condo" is seen as the second most affordable property type. The dearest property type is "Condo" followed by "House". At a price of $319,580 it is 12 % more expensive than the average price.

According to the average cost per m², the cheapest property type is "House" at an average cost of $396 / m² followed by "Condo" priced at $525 / m². "Condo" is the most costly type of property with a $525 / m² cost followed by "House" with an average price of $396 / m².