Property prices for sale in Traralgon (Victoria)

The prices in real estate in Traralgon, 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.

$519,343.83
Average price last 6 months
$693.33
Price/m² last 6 months
Average price per m2

The price per m² in Traralgon has increased strongly during the last 6 months. In October, the average price per m² was $570. In November this price pretty much remained the same at a value of $576 per m². The price for the following two months in (December, January) had a considerable increment of 116 %. The price per m² has had a considerable increase of 136 % 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 $619.75 to $840.5 during February, and March.

Average price

Based upon to the price in Traralgon (suburbs), these have remained the same in the last 6 months. In our first sample month during October, the average price is $502,714. In November This price remains at $516,964. In the following two months the average price has remained the same with regard to the previous two months from $509,839 to $528,115.5. 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 $518,977.25 and $520,077 between February and March.

Average price per bedrooms

The graph displaying the average price for bedrooms illustrates that those properties with 1 bedroom are the cheapest ones. At a price of $482,679 they are 52 % more affordable than the average price for Traralgon. The properties with the highest average price have 4 bedrooms, Their price is 26 % more costly than the average. After that we have properties with 3 bedrooms priced at $451,744.

With regard to the average price per m² , those properties with 3 bedrooms are the cheapest ones at a cost of $558 / m², with an average $824 / m² price in Traralgon. The properties with the lowest average prices have 1 bedroom. They are 9 % cheaper than the average followed by properties with 2 bedrooms with a price at $706 / m².

Price per property type

The graph displaying the average prices displays the property type "Apartment" as the most affordable one. At an cost of $482,679 it is 36 % cheaper than the average price in Traralgon. "House" is seen as the second most affordable property type. The dearest property type is "House" followed by "Apartment". At a price of $310,801 it is 13 % more expensive than the average price.

According to the average cost per m², the cheapest property type is "House" at an average cost of $534 / m² followed by "Apartment" priced at $2,211 / m². "Apartment" is the most costly type of property with a $2,211 / m² cost followed by "House" with an average price of $534 / m².

Charts data
Average price March
Average price per m² March
Number of properties used in Traralgon
Number of properties used in region Victoria
$482,679
$824
3,204
355,870
** Graph's data with null or zero value are due to there isn't enough data available to get a reliable value