Property prices for sale in Melwood (Victoria)

The price per m² in Melwood has increased strongly during the last 6 months. In October, the average price per m² was $1,288. In the following month the price per m² increased to $1,378. The price for the following two months in (December, January) had a considerable increment of 170 %. The price per m² has had a considerable deflation of 52 % 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 $1,798.75 to $942 during February, and March.

Based upon to the price in Melwood (suburbs), this has gone up considerably in the last 6 months. The average price during our first sample month during October, is $938,241. During November the price went through a considerable rise reaching $1,080,889. During the following two months (December, January) the average price had a considerable increase of 181 % with regard to the previous two months. During the last two months the average price has had a strong fall compared to the previous four going from $1,416,807.75 to $447,559.5, which means a 32 % fall.

The graph displaying the average price for bedrooms illustrates that those properties with 1 bedroom are the cheapest ones. At a price of $433,513 they are 36 % more affordable than the average price for Melwood. The properties with the highest average price have 4 bedrooms, Their price is 175 % more costly than the average. After that we have properties with 3 bedrooms priced at $752,750.

With regard to the average price per m² , those properties with 3 bedrooms are the cheapest ones at a cost of $872 / m², with an average $935 / m² price in Melwood. The properties with the highest average prices have 4 bedrooms. They are 7 % more expensive than the average followed by properties with 2 bedrooms with a price at $999 / m².

With regard to the average price based upon the property in Melwood we can see that most expensive property type is "House" at a price of $447,063, they are 3 % more costly than the average price of (!PRECIO2!). "House" has the highest price. This price is 3 % more expensive than the average price aforementioned.

According to the average area price by m² the most costly property type is "House with an average price of $970 / m². "House" at an average price of $970 / m² has the most expensive price and would be directed at more affluent cities.