The prices in real estate in Bundoora, 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 Bundoora has increased strongly during the last 6 months. In October, the average price per m² was $595. In the following month the price per m² decreased to $548. The price for the following two months in (December, January) had a considerable increment of 162 %. The price per m² has had a considerable deflation of 69 % 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 $748 to $515 during February, and March.
Based upon to the price in Bundoora (suburbs), this has gone up considerably in the last 6 months. The average price for October is $348,758. During November the price had a slight fall till $309,915. During the following two months (December, January) the average price had a considerable increase of 151 % with regard to the previous two months. During the last two months, the average price has pretty much remained the same with regard to the previous average values going from an average value of $413,450 and $414,541.5 between February and March.
The graph displaying the average price for bedrooms illustrates that those properties with 1 bedroom are the cheapest ones. At a price of $398,750 they are 22 % more affordable than the average price for Bundoora. The properties with the highest average price have 4 bedrooms, Their price is 44 % more costly than the average. After that we have properties with 3 bedrooms priced at $395,097.
With regard to the average price per m² , those properties with 3 bedrooms are the cheapest ones at a cost of $460 / m², with an average $521 / m² price in Bundoora. The properties with the highest average prices have 1 bedroom. They are 86 % more expensive than the average followed by properties with 4 bedrooms with a price at $636 / m².
With regard to the average price based upon the property in Bundoora we can see that most expensive property type is "House" at a price of $452,675, they are 14 % more costly than the average price of (!PRECIO2!). "House" has the highest price. This price is 14 % more expensive than the average price aforementioned.
According to the average area cost by m² the cheapest property type is "House with an average price of $511 / m². "House" with an average cost of $511 / m² has the lowest price and would be directed at less affluent cities.