The prices in real estate in Mitcham, in the Victoria region have had a strong rise in the last couple of months. The real estate prices for second hand homes have gone through a strong increase in this city.
The price per m² in Mitcham has increased strongly during the last 6 months. In September, the average price per m² was $253. In the following month the price per m² increased considerably to $355. The price for the following two months in (November, December) had a considerable increment of 266 %. The price per m² has had a considerable increase of 196 % 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 $557 to $1,093 during January, and February.
Based upon to the price in Mitcham (suburbs), this has gone up considerably in the last 6 months. The price in September is $236,412, rising in October till $268,695. During the following two months (November, December) the average price had a considerable increase of 270 % 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 202 % 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 $846,297 they are 60 % more affordable than the average price for Mitcham. The properties with the highest average price have 4 bedrooms, Their price is 52 % more costly than the average. After that we have properties with 3 bedrooms priced at $913,785.
With regard to the average price per m² , those properties with 1 bedroom are the most costly ones at a cost of $1,062 / m², with an average $1,035 / m² price in Mitcham. The properties with the highest average prices have 2 bedrooms. They are 48 % more expensive than the average followed by properties with 4 bedrooms with a price at $1,147 / m².
With regard to the average price based upon the property in Mitcham we can see that most expensive property type is "House" at a price of $1,239,697, they are 46 % more costly than the average price of (!PRECIO2!). "House" has the highest price. This price is 46 % 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 $1,262 / m². "House" at an average price of $1,262 / m² has the most expensive price and would be directed at more affluent cities.