Property prices for sale in Malvern (Victoria)

The prices in real estate in Malvern, 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.

$1,025,156.83
Average price last 6 months
$2,278.5
Price/m² last 6 months
Average price per m2

The price per m² in Malvern has increased strongly during the last 6 months. In November, the average price per m² was $674. In the following month the price per m² increased considerably to $840. The price for the following two months in (January, February) had a considerable increment of 220 %. The price per m² has had a considerable increase of 364 % 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 $1,212.75 to $4,410 during March, and April.

Average price

Based upon to the price in Malvern (suburbs), this has gone up considerably in the last 6 months. The average price during our first sample month during November, is $473,879. During December the price went through a considerable rise reaching $578,992. During the following two months (January, February) the average price had a considerable increase of 250 % 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 134 % during the last two months.

Average price per bedrooms

The graph displaying the average price for bedrooms illustrates that those properties with 1 bedroom are the cheapest ones. At a price of $969,111 they are 78 % more affordable than the average price for Malvern. The properties with the highest average price have 4 bedrooms, Their price is 173 % more costly than the average. After that we have properties with 3 bedrooms priced at $433,618.

With regard to the average price per m² , those properties with 3 bedrooms are the cheapest ones at a cost of $488 / m², with an average $6,293 / m² price in Malvern. The properties with the lowest average prices have 4 bedrooms. They are 62 % cheaper than the average followed by properties with 1 bedroom with a price at $778 / m².

Price per property type

The graph displaying the average prices displays the property type "Apartment" as the most affordable one. At an cost of $969,111 it is 10 % cheaper than the average price in Malvern. "House" is seen as the second most affordable property type. The dearest property type is "House" followed by "Apartment". At a price of $869,529 it is 128 % more expensive than the average price.

According to the average cost per m², the cheapest property type is "House" at an average cost of $2,356 / m² followed by "Apartment" priced at $9,287 / m². "Apartment" is the most costly type of property with a $9,287 / m² cost followed by "House" with an average price of $2,356 / m².

Charts data
Average price April
Average price per m² April
Number of properties used in Malvern
Number of properties used in region Victoria
$969,111
$6,293
430
285,544
** Graph's data with null or zero value are due to there isn't enough data available to get a reliable value