Property prices for sale in Chadstone (Victoria)

The price per m² in Chadstone has had a strong decrease during the last 6 months. In October, the average price per m² was $2,633. In the following month the price per m² decreased considerably to $1,067. The price for the following two months in (December, January) had a considerable decrease of 20 with regard to the prior two months. The price per m² has had a considerable deflation of 61 % 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 $1,112.25 to $684 during February, and March.

Based upon to the price in Chadstone (suburbs), this has fallen considerably in the last 6 months. The average price for October is $756,000. During November the price had a considerable reduction till $433,625. During the following two months (December, January) the average price had a considerable reduction of 48 % 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 131 % 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 $589,031 they are 56 % more affordable than the average price for Chadstone. The properties with the highest average price have 4 bedrooms, Their price is 34 % more costly than the average. After that we have properties with 3 bedrooms priced at $559,990.

With regard to the average price per m² , those properties with 3 bedrooms are the cheapest ones at a cost of $671 / m², with an average $704 / m² price in Chadstone. The properties with the highest average prices have 2 bedrooms. They are 13 % more expensive than the average followed by properties with 1 bedroom with a price at $788 / m².

The graph displaying the average prices displays the property type "House" as the most affordable one. At an cost of $589,031 it is 2 % cheaper than the average price in Chadstone. "Condo" is seen as the second most affordable property type. The dearest property type is "Condo" followed by "House". At a price of $578,531 it is 31 % more expensive than the average price.

According to the average cost per m², the cheapest property type is "House" at an average cost of $675 / m² followed by "Condo" priced at $1,063 / m². "Condo" is the most costly type of property with a $1,063 / m² cost followed by "House" with an average price of $675 / m².