Property prices for sale in Hawthorn (Victoria)
The prices in real estate in Hawthorn, in the Victoria region have had a strong rise in the last couple of months. The real estate prices for second hand homes have gone through a strong increase in this city.
The price per m² in Hawthorn has increased strongly during the last 6 months. In October, the average price per m² was $622. In the following month the price per m² increased considerably to $882. The price for the following two months in (December, January) had a considerable increment of 176 %. The price per m² has had a considerable increase of 124 % 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 $1,036.25 to $1,284.5 during February, and March.
Based upon to the price in Hawthorn (suburbs), this has gone up considerably in the last 6 months. The average price during our first sample month during October, is $273,650. During November the price went through a considerable rise reaching $439,595. During the following two months (December, January) the average price had a considerable increase of 206 % 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 149 % 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 $796,700 they are 57 % more affordable than the average price for Hawthorn. The properties with the highest average price have 4 bedrooms, Their price is 119 % more costly than the average. After that we have properties with 3 bedrooms priced at $1,331,190.
With regard to the average price per m² , those properties with 1 bedroom are the cheapest ones at a cost of $1,047 / m², with an average $1,255 / m² price in Hawthorn. The properties with the highest average prices have 3 bedrooms. They are 25 % more expensive than the average followed by properties with 4 bedrooms with a price at $1,527 / m².
The graph displaying the average prices displays the property type "Condo" as the most affordable one. At an cost of $796,700 it is 30 % cheaper than the average price in Hawthorn. "Apartment" is seen as the second most affordable property type. The dearest property type is "House" followed by "Apartment". At a price of $953,750 it is 79 % more expensive than the average price.
According to the average cost per m², the cheapest property type is "Condo" at an average cost of $1,148 / m² followed by "House" priced at $1,664 / m². "Apartment" is the most costly type of property with a $7,986 / m² cost followed by "House" with an average price of $1,664 / m².
