Property prices for sale in Toorak (Victoria)
The prices in real estate in Toorak, 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 Toorak has increased strongly during the last 6 months. In October, the average price per m² was $848. In the following month the price per m² increased to $930. The price for the following two months in (December, January) had a considerable decrease of 55 with regard to the prior two months. The price per m² has had a considerable increase of 388 % 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 $690.25 to $2,680 during February, and March.
Based upon to the price in Toorak (suburbs), this has gone up considerably in the last 6 months. The price in October is $540,211, rising in November till $607,385. During the following two months (December, January) the average price had a considerable reduction of 57 % with regard to the previous two months. Based on an analysis of the first four prices and the last two months the average price has risen strongly 502 % during the last two months.
The graph displaying the average price for bedrooms illustrates that those properties with 3 bedrooms are the cheapest ones. At a price of $4,536,667 they are 98 % more affordable than the average price for Toorak. The properties with the lowest average price have 4 bedrooms, Their price is 38 % cheaper than the average. After that we have properties with 2 bedrooms priced at $870,878.
With regard to the average price per m² , those properties with 3 bedrooms are the cheapest ones at a cost of $110 / m², with an average $5,360 / m² price in Toorak. The properties with the lowest average prices have 4 bedrooms. They are 47 % cheaper than the average followed by properties with 2 bedrooms with a price at $1,543 / m².
