Property prices for sale in Melbourne (Victoria)

The prices in real estate in Melbourne, in the Victoria region have remained the same in the last couple of months. The real estate prices for second hand homes have remained in this city.

$463,989.17
Average price last 6 months
$1,023.67
Price/m² last 6 months
Average price per m2

The price per m² in Melbourne has remained the same in the last 6 months. In September, the average price per m² was $994. In the following month the price per m² decreased to $932. In the following two months the price per m² has increased 107 %, going from $963 to $1,030 per m². The price per m² has increased 108 % 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 $996.5 to $1,078 during January, and February.

Average price

Based upon to the price in Melbourne (suburbs), this has gone up in the last 6 months. In our first sample month during September, the average price is $439,538. In October This price remains at $449,905. During the following two months (November, December) the price has had an average incrementation from $444,721.5 to $474,825.5. During the last two months, the average price has pretty much remained the same with regard to the previous average values going from an average value of $459,773.5 and $472,420.5 between January and February.

Average price per bedrooms

The graph displaying the average price for bedrooms illustrates that those properties with 3 bedrooms are the cheapest ones. At a price of $471,059 they are 9 % more affordable than the average price for Melbourne. The properties with the highest average price have 2 bedrooms, Their price is 9 % more costly than the average. After that we have properties with 4 bedrooms priced at $510,048.

With regard to the average price per m² , those properties with 3 bedrooms are the cheapest ones at a cost of $1,066 / m², with an average $1,086 / m² price in Melbourne. The properties with the highest average prices have 1 bedroom. They are 608 % more expensive than the average followed by properties with 2 bedrooms with a price at $4,193 / m².

Price per property type

The graph displaying the average prices displays the property type "House" as the most costly one. At an cost of $471,059 it is 2 % more expensive than the average price in Melbourne. "Apartment" is seen as the second dearest property type. The dearest property type is "Apartment" followed by "House". At a price of $480,028 it is 11 % more expensive than the average price.

According to the average cost per m², the most expensive property type would be "House" at an average cost of $1,092 / m² followed by "Apartment" priced at $6,173 / m². "Apartment" is the most costly type of property with a $6,173 / m² cost followed by "House" with an average price of $1,092 / m².

Charts data
Average price February
Average price per m² February
Number of properties used in Melbourne
Number of properties used in region Victoria
$471,059
$1,086
32,882
190,118
** Graph's data with null or zero value are due to there isn't enough data available to get a reliable value