Property prices for sale in East Victoria Park (Western Australia)
The prices in real estate in East Victoria Park, in the Western Australia 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 East Victoria Park has had a strong decrease during the last 6 months. In October, the average price per m² was $1,783. In the following month the price per m² decreased to $1,645. The price for the following two months in (December, January) had a considerable increment of 123 %. The price per m² has had a considerable deflation of 23 % 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 $1,907.75 to $445.5 during February, and March.
Based upon to the price in East Victoria Park (suburbs), this has gone up in the last 6 months. The average price during our first sample month during October, is $437,143. During November the price went through a considerable rise reaching $513,074. During the following two months (December, January) the average price had a considerable increase of 129 % with regard to the previous two months. During the last two months the average price has had a strong fall compared to the previous four going from $544,727 to $281,188, which means a 52 % fall.
The graph displaying the average price for bedrooms illustrates that those properties with 1 bedroom are the cheapest ones. At a price of $257,213 they are 28 % more affordable than the average price for East Victoria Park. The properties with the highest average price have 4 bedrooms, Their price is 157 % more costly than the average. After that we have properties with 2 bedrooms priced at $271,292.
With regard to the average price per m² , those properties with 3 bedrooms are the cheapest ones at a cost of $213 / m², with an average $365 / m² price in East Victoria Park. The properties with the highest average prices have 1 bedroom. They are 39 % more expensive than the average followed by properties with 2 bedrooms with a price at $406 / m².
The graph displaying the average prices displays the property type "House" as the most affordable one. At an cost of $257,213 it is 42 % cheaper than the average price in East Victoria Park. "Land" is seen as the second most affordable property type. The dearest property type is "Condo" followed by "Land". At a price of $543,229 it is 112 % more expensive than the average price.
According to the average cost per m², the cheapest property type is "House" at an average cost of $127 / m² followed by "Land" priced at $1,740 / m². "Condo" is the most costly type of property with a $1,750 / m² cost followed by "Land" with an average price of $1,740 / m².
