Property prices for sale in Burwood (Victoria)
The prices in real estate in Burwood, 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 Burwood has increased strongly during the last 6 months. In October, the average price per m² was $516. In the following month the price per m² increased to $555. The price for the following two months in (December, January) had a considerable increment of 166 %. The price per m² has had a considerable increase of 121 % 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 $711.25 to $859 during February, and March.
Based upon to the price in Burwood (suburbs), this has gone up considerably in the last 6 months. The price in October is $337,286, rising in November till $384,306. During the following two months (December, January) the average price had a considerable increase of 158 % 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 risen strongly 117 % during the last two months.
The graph displaying the average price for bedrooms illustrates that those properties with 3 bedrooms are the most costly ones. At a price of $303,134 they are 20 % more expensive than the average price for Burwood. Following this ranking we find those properties with 2 at an average price of $440,342. The properties with the highest average price have 1 bedroom, Their price is 112 % more costly than the average. After that we have properties with 4 bedrooms priced at $445,880.
With regard to the average price per m² , those properties with 4 bedrooms are the cheapest ones at a cost of $382 / m², with an average $467 / m² price in Burwood. The properties with the highest average prices have 1 bedroom. They are 320 % more expensive than the average followed by properties with 2 bedrooms with a price at $894 / m².
With regard to the average price based upon the property in Burwood we can see that most expensive property type is "House" at a price of $739,339, they are 144 % more costly than the average price of (!PRECIO2!). "House" has the highest price. This price is 144 % more expensive than the average price aforementioned.
According to the average area price by m² the most costly property type is "House with an average price of $888 / m². "House" at an average price of $888 / m² has the most expensive price and would be directed at more affluent cities.
