Property prices for sale in Reservoir (Victoria)

The prices in real estate in Reservoir, 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.

$776,073
Average price last 6 months
$1,728.83
Price/m² last 6 months
Average price per m2

The price per m² in Reservoir has increased strongly during the last 6 months. In January, the average price per m² was $1,402. In the following month the price per m² increased to $1,524. In the following two months the price per m² has increased 113 %, going from $1,463 to $1,658.5 per m². The price per m² has had a considerable increase of 132 % 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 $1,560.75 to $2,065 during May, and June.

Average price

Based upon to the price in Reservoir (suburbs), these have remained the same in the last 6 months. In our first sample month during January, the average price is $780,500. In February This price remains at $793,441. In the following two months the average price has remained the same with regard to the previous two months from $786,970.5 to $823,593. During the last two months, the average price has reduced with regard to the previous ones. To be precise it has gone down 89 %, going from $805,281.75 to $717,655.5 in May and June.

Average price per bedrooms

The graph showing the average price for bedrooms displays the property with the lowest price has 1 bedroom. It is 16 % cheaper than the average price of $564,509 in Reservoir. Based on the bedrooms values, properties with the lowest prices are those with 1 bedroom. They are 16 % more affordable than the average aforementioned.

With regard to the average prices per m² those properties with 1 bedroom are 91 % more costly than the average price of ($4,339 / m²) in Reservoir. Properties with the most expensive price based upon to the number of bedrooms / m² are those with 1 bedroom. They are 91 % more costly than the average value aforementioned.

Price per property type

With regard to the average price based upon the property in Reservoir we can see that the cheapest property type is "House" at a price of $564,509, they are 16 % more affordable than the average price of (!PRECIO2!). "House" has the lowest price. This price is 16 % more affordable 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 $4,339 / m². "House" at an average price of $4,339 / m² has the most expensive price and would be directed at more affluent cities.

Charts data
Average price June
Average price per m² June
Number of properties used in Reservoir
Number of properties used in region Victoria
$675,589
$2,267
220
77,136
** Graph's data with null or zero value are due to there isn't enough data available to get a reliable value