Property prices for sale in St Kilda West (Victoria)

The price per m² in St Kilda West has increased strongly during the last 6 months. In October, the average price per m² was $488. In the following month the price per m² increased considerably to $3,014. The price for the following two months in (December, January) had a considerable decrease of 18 with regard to the prior two months. The price per m² has had a considerable deflation of 30 % 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 $1,035.25 to $308 during February, and March.

Based upon to the price in St Kilda West (suburbs), this has gone up considerably in the last 6 months. The average price during our first sample month during October, is $207,250. During November the price went through a considerable rise reaching $1,015,800. During the following two months (December, January) the average price had a considerable reduction of 23 % with regard to the previous two months. During the last two months the average price has had a strong fall compared to the previous four going from $377,212.5 to $135,000, which means a 36 % fall.