Property prices for sale in Maribyrnong (Victoria)

The price per m² in Maribyrnong has increased during the last 6 months. In October, the average price per m² was $881. In November this price pretty much remained the same at a value of $869 per m². In the following two months the price per m² has increased 110 %, going from $875 to $960 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 $917.5 to $1,068.5 during February, and March.

Based upon to the price in Maribyrnong (suburbs), this has gone up considerably in the last 6 months. In our first sample month during October, the average price is $432,241. In November This price remains at $423,140. During the following two months (December, January) the average price had a considerable increase of 140 % 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 156 % 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 $726,450 they are 78 % more affordable than the average price for Maribyrnong. The properties with the highest average price have 4 bedrooms, Their price is 142 % more costly than the average. After that we have properties with 3 bedrooms priced at $646,641.

With regard to the average price per m² , those properties with 1 bedroom are the cheapest ones at a cost of $525 / m², with an average $1,006 / m² price in Maribyrnong. The properties with the highest average prices have 4 bedrooms. They are 57 % more expensive than the average followed by properties with 2 bedrooms with a price at $1,099 / m².