Property prices for sale in Lilydale (Victoria)
The prices in real estate in Lilydale, 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 Lilydale has increased strongly during the last 6 months. In November, the average price per m² was $742. In December this price pretty much remained the same at a value of $760 per m². In the following two months the price per m² has increased 112 %, going from $751 to $842 per m². The price per m² has had a considerable increase of 116 % 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 $796.5 to $922.5 during March, and April.
Based upon to the price in Lilydale (suburbs), this has gone up considerably in the last 6 months. In our first sample month during November, the average price is $717,336. In December This price remains at $712,992. During the following two months (January, February) the price has had an average incrementation from $715,164 to $780,272. Based on an analysis of the first four prices and the last two months the average price has risen strongly 128 % during the last two months.
The graph displaying the average price for bedrooms illustrates that those properties with 2 bedrooms are the cheapest ones. At a price of $1,134,036 they are 49 % more affordable than the average price for Lilydale. The properties with the lowest average price have 4 bedrooms, Their price is 18 % cheaper than the average. After that we have properties with 1 bedroom priced at $738,520.
With regard to the average price per m² , those properties with 4 bedrooms are the cheapest ones at a cost of $839 / m², with an average $972 / m² price in Lilydale. The properties with the highest average prices have 1 bedroom. They are 148 % more expensive than the average followed by properties with 2 bedrooms with a price at $1,122 / m².
The graph displaying the average prices displays the property type "Condo" as the most affordable one. At an cost of $1,134,036 it is 54 % cheaper than the average price in Lilydale. "House" is seen as the second most affordable property type. The cheapest type property is "House" followed by "Condo". At a price of $524,624 it is 26 % more affordable than the average price.
According to the average cost per m², the cheapest property type is "House" at an average cost of $839 / m² followed by "Condo" priced at $934 / m². "Condo" is the cheapest type of property with a $934 / m² value followed by "House" with an average price of $839 / m².
