Property prices for sale in Blackburn (Victoria)

The price per m² in Blackburn has had a strong decrease during the last 6 months. In October, the average price per m² was $766. In November this price pretty much remained the same at a value of $766 per m². The price for the following two months in (December, January) had a considerable decrease of 51 with regard to the prior two months. The price per m² has increased 113 % 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 $578.25 to $654 during February, and March.

Based upon to the price in Blackburn (suburbs), this has fallen considerably in the last 6 months. In our first sample month during October, the average price is $406,778. In November This price remains at $406,778. During the following two months (December, January) the average price had a considerable reduction of 57 % 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 $319,769.5 to $158,278, which means a 49 % fall.

The graph displaying the average price for bedrooms illustrates that those properties with 1 bedroom are the most costly ones. At a price of $106,667 they are 140 % more expensive than the average price for Blackburn. Following this ranking we find those properties with 3 at an average price of $279,160. The properties with the highest average price have 4 bedrooms, Their price is 934 % more costly than the average. After that we have properties with 2 bedrooms priced at $309,867.

With regard to the average price per m² , those properties with 3 bedrooms are the most costly ones at a cost of $338 / m², with an average $288 / m² price in Blackburn. The properties with the highest average prices have 4 bedrooms. They are 223 % more expensive than the average followed by properties with 1 bedroom with a price at $925 / m².