Property prices for sale in Ringwood (Victoria)

The price per m² in Ringwood has increased strongly during the last 6 months. In October, the average price per m² was $17. In the following month the price per m² increased considerably to $898. The price for the following two months in (December, January) had a considerable increment of 406 %. The price per m² has decreased 90 % 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 $1,158.5 to $1,046.5 during February, and March.

Based upon to the price in Ringwood (suburbs), this has gone up considerably in the last 6 months. The average price during our first sample month during October, is $10,000. During November the price went through a considerable rise reaching $512,500. During the following two months (December, January) the average price had a considerable increase of 304 % 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 160 % 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 $825,455 they are 53 % more affordable than the average price for Ringwood. The properties with the highest average price have 4 bedrooms, Their price is 44 % more costly than the average. After that we have properties with 3 bedrooms priced at $858,692.

With regard to the average price per m² , those properties with 2 bedrooms are the cheapest ones at a cost of $906 / m², with an average $965 / m² price in Ringwood. The properties with the highest average prices have 1 bedroom. They are 26 % more expensive than the average followed by properties with 4 bedrooms with a price at $1,082 / m².

With regard to the average price based upon the property in Ringwood we can see that most expensive property type is "House" at a price of $1,024,864, they are 24 % more costly than the average price of (!PRECIO2!). "House" has the highest price. This price is 24 % more expensive than the average price aforementioned.

According to the average area cost by m² the cheapest property type is "House with an average price of $896 / m². "House" with an average cost of $896 / m² has the lowest price and would be directed at less affluent cities.