The prices in real estate in Mildura, in the Victoria region have had a strong fall in the last couple of months. The real estate prices for second hand homes have gone through a strong fall in this city.
The price per m² in Mildura has had a strong decrease during the last 6 months. In June, the average price per m² was $20,752. In the following month the price per m² decreased considerably to $554. The price for the following two months in (August, September) had a considerable decrease of 6 with regard to the prior two months. The price per m² has had a considerable deflation of 18 % 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 $5,620 to $1,015 during October, and November.
Based upon to the price in Mildura (suburbs), this has gone downing the last 6 months. In our first sample month during June, the average price is $306,969. In July This price remains at $292,500. During the following two months (August, September) the average price fell 93 % with regard to the previous two months. 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 $288,522.75 and $294,648 between October and November.
The graph showing the average price for bedrooms displays the property with the lowest price has 1 bedroom. It is 5 % cheaper than the average price of $279,619 in Mildura. Based on the bedrooms values, properties with the lowest prices are those with 1 bedroom. They are 5 % more affordable than the average aforementioned.
With regard to the average prices per m² those properties with 1 bedroom are 17 % cheaper than the average price of ($623 / m²) in Mildura. Properties with the most affordable price based upon to the number of bedrooms / m² are those with 1 bedroom. They are 17 % cheaper than the average value aforementioned.
With regard to the average price based upon the property in Mildura we can see that the cheapest property type is "House" at a price of $279,619, they are 5 % more affordable than the average price of (!PRECIO2!). "House" has the lowest price. This price is 5 % more affordable than the average price aforementioned.
According to the average area cost by m² the cheapest property type is "House with an average price of $623 / m². "House" with an average cost of $623 / m² has the lowest price and would be directed at less affluent cities.