Property prices for sale in Southbank (Victoria)

The prices in real estate in Southbank, in the Victoria region have remained the same in the last couple of months. The real estate prices for second hand homes have remained in this city.

$419,113.67
Average price last 6 months
$848.17
Price/m² last 6 months
Average price per m2

The price per m² in Southbank has remained the same in the last 6 months. In September, the average price per m² was $878. In the following month the price per m² increased to $937. In the following two months the price per m² has barely changed, going from $907.5 to $919.5 per m². The price per m² has had a considerable deflation of 79 % 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 $913.5 to $717.5 during January, and February.

Average price

Based upon to the price in Southbank (suburbs), these have remained the same in the last 6 months. The price in September is $433,580, rising in October till $469,768. In the following two months the average price has remained the same with regard to the previous two months from $451,674 to $459,671. During the last two months the average price has had a strong fall compared to the previous four going from $455,672.5 to $345,996, which means a 76 % fall.

Average price per bedrooms

The graph displaying the average price for bedrooms illustrates that those properties with 1 bedroom are the cheapest ones. At a price of $360,472 they are 34 % more affordable than the average price for Southbank. The properties with the highest average price have 3 bedrooms, Their price is 352 % more costly than the average. After that we have properties with 4 bedrooms priced at $656,217.

With regard to the average price per m² , those properties with 1 bedroom are the cheapest ones at a cost of $699 / m², with an average $738 / m² price in Southbank. The properties with the highest average prices have 4 bedrooms. They are 974 % more expensive than the average followed by properties with 3 bedrooms with a price at $1,764 / m².

Price per property type

The graph displaying the average prices displays the property type "Land" as the most costly one. At an cost of $360,472 it is 41 % more expensive than the average price in Southbank. "Apartment" is seen as the second dearest property type. The dearest property type is "Apartment" followed by "Land". At a price of $508,028 it is 82 % more expensive than the average price.

According to the average cost per m², the most expensive property type would be "Land" at an average cost of $7,361 / m² followed by "Apartment" priced at $7,928 / m². "Apartment" is the most costly type of property with a $7,928 / m² cost followed by "Land" with an average price of $7,361 / m².

Charts data
Average price February
Average price per m² February
Number of properties used in Southbank
Number of properties used in region Victoria
$360,472
$738
1,118
370,584
** Graph's data with null or zero value are due to there isn't enough data available to get a reliable value