Property prices for sale in Koroit (Victoria)

The price per m² in Koroit has had a strong decrease during the last 6 months. In October, the average price per m² was $67,279. In the following month the price per m² decreased considerably to $40,626. The price for the following two months in (December, January) had a considerable decrease of 2 with regard to the prior two months. The price per m² has had a considerable deflation of 4 % 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 $27,589.75 to $1,023 during February, and March.

Based upon to the price in Koroit (suburbs), these have remained the same in the last 6 months. The average price during our first sample month during October, is $698,300. During November the price went through a considerable rise reaching $824,980. In the following two months the average price has remained the same with regard to the previous two months from $761,640 to $741,933.5. During the last two months, the average price has reduced with regard to the previous ones. To be precise it has gone down 89 %, going from $751,786.75 to $668,304 in February and March.