Property prices for sale in Malvern (Victoria)

The price per m² in Malvern has increased strongly during the last 6 months. In October, the average price per m² was $425. In the following month the price per m² increased considerably to $674. The price for the following two months in (December, January) had a considerable increment of 258 %. The price per m² has had a considerable increase of 196 % 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 $984.25 to $1,933 during February, and March.

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 October, is $271,112. During November the price went through a considerable rise reaching $473,879. During the following two months (December, January) the average price had a considerable increase of 287 % 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 178 % 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 $1,498,025 they are 79 % more affordable than the average price for Malvern. The properties with the highest average price have 4 bedrooms, Their price is 77 % more costly than the average. After that we have properties with 3 bedrooms priced at $1,564,400.

With regard to the average price per m² , those properties with 2 bedrooms are the cheapest ones at a cost of $1,724 / m², with an average $2,527 / m² price in Malvern. The properties with the highest average prices have 1 bedroom. They are 16 % more expensive than the average followed by properties with 3 bedrooms with a price at $2,848 / m².

The graph displaying the average prices displays the property type "Condo" as the most affordable one. At an cost of $1,498,025 it is 46 % cheaper than the average price in Malvern. "Apartment" is seen as the second most affordable property type. The dearest property type is "House" followed by "Apartment". At a price of $870,400 it is 48 % more expensive than the average price.

According to the average cost per m², the cheapest property type is "Condo" at an average cost of $1,198 / m² followed by "House" priced at $2,359 / m². "Apartment" is the most costly type of property with a $9,297 / m² cost followed by "House" with an average price of $2,359 / m².