Property prices for sale in Southbank (Victoria)

The prices in real estate in Southbank, in the Victoria region have had a strong fall in the last couple of months. The real estate prices for second hand homes have gone through a strong fall in this city.

$566,713
Average price last 6 months
$7,569.4
Price/m² last 6 months
Average price per m2

The price per m² in Southbank has had a strong decrease during the last 6 months. In November, the average price per m² was $7,471. In December this price pretty much remained the same at a value of $7,392 per m². In the following two months the price per m² has barely changed, going from $7,431.5 to $7,467.5 per m². The price per m² has had a considerable deflation of 54 % 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 $7,449.5 to $4,024.5 during March, and April.

Average price

Based upon to the price in Southbank (suburbs), this has gone downing the last 6 months. In our first sample month during November, the average price is $538,208. In December This price remains at $542,075. During the following two months (January, February) the price has had an average incrementation from $540,141.5 to $579,743.5. During the last two months the average price has had a strong fall compared to the previous four going from $559,942.5 to $296,897.5, which means a 53 % fall.

Average price per bedrooms

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 $593,795 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 ($8,049 / 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.

Price per property type

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 $593,795, 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 $8,049 / m². "Apartment" with an average cost of $8,049 / m² has the lowest price and would be directed at less affluent cities.

Charts data
Average price April
Average price per m² April
Number of properties used in Southbank
Number of properties used in region Victoria
$593,795
$8,049
338
78,096
** Graph's data with null or zero value are due to there isn't enough data available to get a reliable value