Property prices for sale in Geelong West (Victoria)

The price per m² in Geelong West has had a strong decrease during the last 6 months. In October, the average price per m² was $1,950. In November this price pretty much remained the same at a value of $1,911 per m². The price for the following two months in (December, January) had a considerable decrease of 55 with regard to the prior two months. The price per m² has had a considerable deflation of 56 % 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 $1,495.25 to $831 during February, and March.

Based upon to the price in Geelong West (suburbs), this has fallen considerably in the last 6 months. The average price for October is $1,754,917. During November the price had a slight fall till $1,665,231. During the following two months (December, January) the average price had a considerable reduction of 48 % 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 $1,267,651 to $558,080.5, which means a 44 % fall.

The graph displaying the average price for bedrooms illustrates that those properties with 1 bedroom are the cheapest ones. At a price of $553,821 they are 48 % more affordable than the average price for Geelong West. The properties with the highest average price have 4 bedrooms, Their price is 25 % more costly than the average. After that we have properties with 3 bedrooms priced at $649,996.

With regard to the average price per m² , those properties with 4 bedrooms are the cheapest ones at a cost of $627 / m², with an average $816 / m² price in Geelong West. The properties with the highest average prices have 1 bedroom. They are 23 % more expensive than the average followed by properties with 2 bedrooms with a price at $855 / m².

With regard to the average price based upon the property in Geelong West we can see that the cheapest property type is "House" at a price of $549,446, they are 1 % more affordable than the average price of (!PRECIO2!). "House" has the lowest price. This price is 1 % more affordable than the average price aforementioned.

According to the average area cost by m² the cheapest property type is "House with an average price of $808 / m². "House" with an average cost of $808 / m² has the lowest price and would be directed at less affluent cities.