Property prices for sale in Canberra (Australian Capital Territory)
The prices in real estate in Canberra, in the Australian Capital Territory region have had a strong fall in the last couple of months. The real estate prices for second hand homes have gone through a strong fall in this city.
The price per m² in Canberra has had a strong decrease during the last 6 months. In October, the average price per m² was $761. In November this price pretty much remained the same at a value of $746 per m². The price for the following two months in (December, January) had a considerable decrease of 84 with regard to the prior two months. The price per m² has decreased 86 % 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 $691.75 to $593 during February, and March.
Based upon to the price in Canberra (suburbs), this has gone downing the last 6 months. In our first sample month during October, the average price is $657,378. In November This price remains at $625,488. During the following two months (December, January) the average price fell 88 % with regard to the previous two months. During the last two months, the average price has reduced with regard to the previous ones. To be precise it has gone down 88 %, going from $602,800.75 to $532,998.5 in 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 $504,214 they are 20 % more affordable than the average price for Canberra. The properties with the highest average price have 4 bedrooms, Their price is 55 % more costly than the average. After that we have properties with 2 bedrooms priced at $573,682.
With regard to the average price per m² , those properties with 3 bedrooms are the cheapest ones at a cost of $544 / m², with an average $559 / m² price in Canberra. The properties with the highest average prices have 1 bedroom. They are 127 % more expensive than the average followed by properties with 2 bedrooms with a price at $1,058 / m².
The graph displaying the average prices displays the property type "Condo" as the most costly one. At an cost of $504,214 it is 9 % more expensive than the average price in Canberra. "House" is seen as the second dearest property type. The dearest property type is "House" followed by "Condo". At a price of $547,925 it is 14 % more expensive than the average price.
According to the average cost per m², the cheapest property type is "House" at an average cost of $533 / m² followed by "Condo" priced at $893 / m². "Condo" is the most costly type of property with a $893 / m² cost followed by "House" with an average price of $533 / m².
