Property prices for sale in East Melbourne (Victoria)

The price per m² in East Melbourne has increased strongly during the last 6 months. In October, the average price per m² was $2,032. In the following month the price per m² increased to $2,196. The price for the following two months in (December, January) had a considerable increment of 171 %. The price per m² has had a considerable increase of 598 % 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 $2,860.25 to $17,104 during February, and March.

Based upon to the price in East Melbourne (suburbs), this has gone up considerably in the last 6 months. The price in October is $1,718,636, rising in November till $1,971,333. During the following two months (December, January) the average price had a considerable increase of 154 % 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 284 % 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 $8,290,833 they are 96 % more affordable than the average price for East Melbourne. The properties with the lowest average price have 4 bedrooms, Their price is 56 % cheaper than the average. After that we have properties with 2 bedrooms priced at $1,673,302.

With regard to the average price per m² , those properties with 1 bedroom are the cheapest ones at a cost of $1,275 / m², with an average $26,520 / m² price in East Melbourne. The properties with the lowest average prices have 4 bedrooms. They are 89 % cheaper than the average followed by properties with 2 bedrooms with a price at $2,714 / m².