The prices in real estate in Carlton, 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 Carlton has increased strongly during the last 6 months. In September, the average price per m² was $530. In October this price pretty much remained the same at a value of $528 per m². In the following two months the price per m² has increased 112 %, going from $529 to $593 per m². The price per m² has had a considerable increase of 198 % 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 $561 to $1,113 during January, and February.
Based upon to the price in Carlton (suburbs), this has gone up considerably in the last 6 months. In our first sample month during September, the average price is $263,662. In October This price remains at $268,549. During the following two months (November, December) the price has had an average incrementation from $266,105.5 to $292,255.5. Based on an analysis of the first four prices and the last two months the average price has risen strongly 228 % during the last two months.
The graph displaying the average price for bedrooms illustrates that those properties with 1 bedroom are the cheapest ones. At a price of $670,250 they are 58 % more affordable than the average price for Carlton. The properties with the lowest average price have 3 bedrooms, Their price is 13 % cheaper than the average. After that we have properties with 4 bedrooms priced at $530,868.
With regard to the average price per m² , those properties with 4 bedrooms are the cheapest ones at a cost of $506 / m², with an average $1,009 / m² price in Carlton. The properties with the lowest average prices have 1 bedroom. They are 12 % cheaper than the average followed by properties with 3 bedrooms with a price at $684 / m².
The graph displaying the average prices displays the property type "Studio" as the most affordable one. At an cost of $670,250 it is 23 % cheaper than the average price in Carlton. "House" is seen as the second most affordable property type. The cheapest type property is "Apartment" followed by "House". At a price of $519,336 it is 22 % more affordable than the average price.
According to the average cost per m², the most expensive property type would be "Studio" at an average cost of $9,306 / m² followed by "House" priced at $9,356 / m². "Apartment" is the most costly type of property with a $9,376 / m² cost followed by "House" with an average price of $9,356 / m².