The prices in real estate in Southbank, in the Victoria region have had a minor rise in the last couple of months. The real estate prices for second hand homes have risen in this city.
The price per m² in Southbank has increased during the last 6 months. In June, the average price per m² was $6,691. In July this price pretty much remained the same at a value of $6,912 per m². In the following two months the price per m² has increased 110 %, going from $6,801.5 to $7,456.5 per m². The price per m² has increased 107 % 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 $7,129 to $7,625.5 during October, and November.
Based upon to the price in Southbank (suburbs), this has gone downing the last 6 months. The average price for June is $591,000. During July the price had a slight fall till $542,000. In the following two months the average price has remained the same with regard to the previous two months from $566,500 to $544,447.5. 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 $555,473.75 and $558,141 between October and November.
The graph showing the average price for bedrooms displays the property with the lowest price has 1 bedroom. It is 0 % cheaper than the average price of $538,208 in Southbank. Based on the bedrooms values, properties with the lowest prices are those with 1 bedroom. They are 0 % more affordable than the average aforementioned.
With regard to the average prices per m² those properties with 1 bedroom are 0 % cheaper than the average price of ($7,471 / m²) in Southbank. Properties with the most affordable price based upon to the number of bedrooms / m² are those with 1 bedroom. They are 0 % cheaper than the average value aforementioned.
With regard to the average price based upon the property in Southbank we can see that the cheapest property type is "Apartment" at a price of $538,208, they are 0 % more affordable than the average price of (!PRECIO2!). "Apartment" has the lowest price. This price is 0 % more affordable than the average price aforementioned.
According to the average area cost by m² the cheapest property type is "Apartment with an average price of $7,471 / m². "Apartment" with an average cost of $7,471 / m² has the lowest price and would be directed at less affluent cities.