Property prices for sale in Springvale (Victoria)

The price per m² in Springvale has fallen in the last 6 months. In October, the average price per m² was $480. In November this price pretty much remained the same at a value of $495 per m². In the following two months the price per m² has increased 106 %, going from $487.5 to $518.5 per m². The price per m² has had a considerable deflation of 67 % 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 $503 to $336.5 during February, and March.

Based upon to the price in Springvale (suburbs), this has fallen considerably in the last 6 months. In our first sample month during October, the average price is $371,829. In November This price remains at $376,310. In the following two months the average price has remained the same with regard to the previous two months from $374,069.5 to $383,220.5. During the last two months the average price has had a strong fall compared to the previous four going from $378,645 to $193,194.5, which means a 51 % fall.

The graph displaying the average price for bedrooms illustrates that those properties with 1 bedroom are the most costly ones. At a price of $107,500 they are 58 % more expensive than the average price for Springvale. Following this ranking we find those properties with 2 at an average price of $262,424. Based on the bedrooms values, properties with the highest prices are those with 3 bedrooms. They are 375 % more expensive than the average aforementioned.

With regard to the average price per m² , those properties with 2 bedrooms are the most costly ones at a cost of $476 / m², with an average $323 / m² price in Springvale. Properties with the most expensive price based upon to the number of bedrooms / m² are those with 3 bedrooms. They are 87 % more costly than the average value aforementioned.