Property prices for sale in Berwick (Victoria)
The prices in real estate in Berwick, 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 Berwick has increased strongly during the last 6 months. In October, the average price per m² was $640. In November this price pretty much remained the same at a value of $660 per m². The price for the following two months in (December, January) had a considerable increment of 136 %. The price per m² has had a considerable increase of 181 % 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 $766.75 to $1,384 during February, and March.
Based upon to the price in Berwick (suburbs), this has gone up considerably in the last 6 months. In our first sample month during October, the average price is $681,186. In November This price remains at $706,436. During the following two months (December, January) the average price had a considerable increase of 123 % 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 112 % 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 $811,380 they are 31 % more affordable than the average price for Berwick. The properties with the highest average price have 4 bedrooms, Their price is 16 % more costly than the average. After that we have properties with 3 bedrooms priced at $677,735.
With regard to the average price per m² , those properties with 3 bedrooms are the cheapest ones at a cost of $783 / m², with an average $1,002 / m² price in Berwick. The properties with the highest average prices have 1 bedroom. They are 106 % more expensive than the average followed by properties with 2 bedrooms with a price at $1,056 / m².
The graph displaying the average prices displays the property type "Condo" as the most affordable one. At an cost of $811,380 it is 37 % cheaper than the average price in Berwick. "House" is seen as the second most affordable property type. The cheapest type property is "House" followed by "Condo". At a price of $508,743 it is 7 % more affordable than the average price.
According to the average cost per m², the cheapest property type is "Condo" at an average cost of $673 / m² followed by "House" priced at $702 / m². "House" is the cheapest type of property with a $702 / m² value followed by "Condo" with an average price of $673 / m².
