Property prices for sale in Belmont (Victoria)
The prices in real estate in Belmont, in the Victoria region have remained the same in the last couple of months. The real estate prices for second hand homes have remained in this city.
The price per m² in Belmont has remained the same in the last 6 months. In October, the average price per m² was $672. In the following month the price per m² decreased to $637. The price for the following two months in (December, January) had a considerable increment of 124 %. The price per m² has had a considerable deflation of 82 % 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 $731.5 to $600.5 during February, and March.
Based upon to the price in Belmont (suburbs), these have remained the same in the last 6 months. In our first sample month during October, the average price is $594,563. In November This price remains at $593,036. During the following two months (December, January) the average price had a considerable increase of 119 % 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 $651,188 to $519,012.5, which means a 80 % fall.
The graph displaying the average price for bedrooms illustrates that those properties with 1 bedroom are the cheapest ones. At a price of $513,031 they are 51 % more affordable than the average price for Belmont. The properties with the highest average price have 4 bedrooms, Their price is 27 % more costly than the average. After that we have properties with 3 bedrooms priced at $543,956.
With regard to the average price per m² , those properties with 4 bedrooms are the cheapest ones at a cost of $577 / m², with an average $595 / m² price in Belmont. The properties with the highest average prices have 2 bedrooms. They are 41 % more expensive than the average followed by properties with 1 bedroom with a price at $797 / m².
With regard to the average price based upon the property in Belmont we can see that the cheapest property type is "House" at a price of $501,156, they are 2 % more affordable than the average price of (!PRECIO2!). "House" has the lowest price. This price is 2 % more affordable than the average price aforementioned.
According to the average area cost by m² the cheapest property type is "House with an average price of $576 / m². "House" with an average cost of $576 / m² has the lowest price and would be directed at less affluent cities.
