Property prices for sale in Glen Iris (Victoria)

The price per m² in Glen Iris has increased strongly during the last 6 months. In October, the average price per m² was $939. In the following month the price per m² increased considerably to $1,190. The price for the following two months in (December, January) had a considerable increment of 182 %. The price per m² has had a considerable increase of 227 % 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 $1,500 to $3,404.5 during February, and March.

Based upon to the price in Glen Iris (suburbs), this has gone up considerably in the last 6 months. The average price during our first sample month during October, is $694,480. During November the price went through a considerable rise reaching $891,233. During the following two months (December, January) the average price had a considerable increase of 179 % with regard to the previous two months. During the last two months, the average price has reduced with regard to the previous ones. To be precise it has gone down 93 %, going from $1,107,248.75 to $1,024,537 in February and March.

The graph displaying the average price for bedrooms illustrates that those properties with 1 bedroom are the cheapest ones. At a price of $1,696,824 they are 73 % more affordable than the average price for Glen Iris. The properties with the highest average price have 3 bedrooms, Their price is 1 % more costly than the average. After that we have properties with 4 bedrooms priced at $1,625,114.

With regard to the average price per m² , those properties with 4 bedrooms are the cheapest ones at a cost of $1,364 / m², with an average $6,033 / m² price in Glen Iris. The properties with the highest average prices have 3 bedrooms. They are 64 % more expensive than the average followed by properties with 2 bedrooms with a price at $5,830 / m².