Property prices for sale in Mount Richmond (Victoria)

The price per m² in Mount Richmond has increased strongly during the last 6 months. In October, the average price per m² was $1,021. In November this price pretty much remained the same at a value of $998 per m². The price for the following two months in (December, January) had a considerable increment of 334 %. The price per m² has had a considerable increase of 398 % 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 $2,192 to $8,732.5 during February, and March.

Based upon to the price in Mount Richmond (suburbs), this has gone up considerably in the last 6 months. In our first sample month during October, the average price is $525,824. In November This price remains at $508,534. During the following two months (December, January) the average price had a considerable increase of 215 % 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 213 % 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 $2,229,833 they are 85 % more affordable than the average price for Mount Richmond. Based on the bedrooms values, properties with the lowest prices are those with 3 bedrooms. They are 58 % more affordable than the average aforementioned.

With regard to the average price per m² , those properties with 3 bedrooms are the cheapest ones at a cost of $1,026 / m², with an average $10,798 / m² price in Mount Richmond. Properties with the most affordable price based upon to the number of bedrooms / m² are those with 2 bedrooms. They are 88 % cheaper than the average value aforementioned.