Property prices for sale in Surrey Hills (Victoria)
The prices in real estate in Surrey Hills, in the Victoria region have had a strong rise in the last couple of months. The real estate prices for second hand homes have gone through a strong increase in this city.
The price per m² in Surrey Hills has increased strongly during the last 6 months. In October, the average price per m² was $633. In the following month the price per m² increased considerably to $957. The price for the following two months in (December, January) had a considerable increment of 139 %. The price per m² has decreased 89 % 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 $951.5 to $846 during February, and March.
Based upon to the price in Surrey Hills (suburbs), this has gone up considerably in the last 6 months. The average price during our first sample month during October, is $341,551. During November the price went through a considerable rise reaching $674,141. During the following two months (December, January) the average price had a considerable increase of 175 % with regard to the previous two months. 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 $698,623.25 and $719,580.5 between February and March.
The graph displaying the average price for bedrooms illustrates that those properties with 1 bedroom are the cheapest ones. At a price of $708,156 they are 78 % more affordable than the average price for Surrey Hills. The properties with the highest average price have 4 bedrooms, Their price is 53 % more costly than the average. After that we have properties with 3 bedrooms priced at $804,781.
With regard to the average price per m² , those properties with 1 bedroom are the cheapest ones at a cost of $445 / m², with an average $806 / m² price in Surrey Hills. The properties with the highest average prices have 2 bedrooms. They are 40 % more expensive than the average followed by properties with 3 bedrooms with a price at $970 / m².
The graph displaying the average prices displays the property type "House" as the most affordable one. At an cost of $708,156 it is 1 % cheaper than the average price in Surrey Hills. "Condo" is seen as the second most affordable property type. The cheapest type property is "Condo" followed by "House". At a price of $701,061 it is 1 % more affordable than the average price.
According to the average cost per m², the cheapest property type is "House" at an average cost of $781 / m² followed by "Condo" priced at $1,199 / m². "Condo" is the most costly type of property with a $1,199 / m² cost followed by "House" with an average price of $781 / m².
