Property prices for sale in Melton South (Victoria)

The price per m² in Melton South has had a strong decrease during the last 6 months. In October, the average price per m² was $1,519. In November this price pretty much remained the same at a value of $1,470 per m². The price for the following two months in (December, January) had a considerable decrease of 54 with regard to the prior two months. The price per m² has had a considerable deflation of 49 % 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 $1,149 to $567.5 during February, and March.

Based upon to the price in Melton South (suburbs), this has fallen considerably in the last 6 months. The average price for October is $626,049. During November the price had a slight fall till $573,731. During the following two months (December, January) the average price had a considerable reduction of 84 % with regard to the previous two months. During the last two months, the average price has reduced with regard to the previous ones. To be precise it has gone down 90 %, going from $550,578.25 to $497,898.5 in February and March.