Property prices for sale in Bright (Victoria)

The price per m² in Bright has increased strongly during the last 6 months. In October, the average price per m² was $683. In the following month the price per m² increased considerably to $977. The price for the following two months in (December, January) had a considerable increment of 167 %. The price per m² has had a considerable deflation of 75 % 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 $1,107 to $835 during February, and March.

Based upon to the price in Bright (suburbs), this has gone up considerably in the last 6 months. The average price during our first sample month during October, is $628,684. During November the price went through a considerable rise reaching $935,532. During the following two months (December, January) the average price had a considerable increase of 173 % 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 $1,068,054.75 to $631,725, which means a 59 % fall.

The graph displaying the average price for bedrooms illustrates that those properties with 1 bedroom are the cheapest ones. At a price of $561,231 they are 27 % more affordable than the average price for Bright. The properties with the highest average price have 3 bedrooms, Their price is 41 % more costly than the average. After that we have properties with 4 bedrooms priced at $648,288.

With regard to the average price per m² , those properties with 4 bedrooms are the cheapest ones at a cost of $571 / m², with an average $740 / m² price in Bright. The properties with the highest average prices have 1 bedroom. They are 82 % more expensive than the average followed by properties with 3 bedrooms with a price at $920 / m².

The graph displaying the average prices displays the property type "House" as the most affordable one. At an cost of $561,231 it is 10 % cheaper than the average price in Bright. "Condo" is seen as the second most affordable property type. The dearest property type is "Condo" followed by "House". At a price of $507,744 it is 87 % more expensive than the average price.

According to the average cost per m², the cheapest property type is "House" at an average cost of $660 / m² followed by "Condo" priced at $1,430 / m². "Condo" is the most costly type of property with a $1,430 / m² cost followed by "House" with an average price of $660 / m².