Property prices for sale in Viewbank (Victoria)
The prices in real estate in Viewbank, in the Victoria region have had a strong fall in the last couple of months. The real estate prices for second hand homes have gone through a strong fall in this city.
The price per m² in Viewbank has had a strong decrease during the last 6 months. In November, the average price per m² was $1,141. In December this price pretty much remained the same at a value of $1,150 per m². The price for the following two months in (January, February) had a considerable decrease of 58 with regard to the prior two months. The price per m² has increased 113 % 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 $904.25 to $1,020.5 during March, and April.
Based upon to the price in Viewbank (suburbs), this has fallen considerably in the last 6 months. In our first sample month during November, the average price is $808,125. In December This price remains at $787,813. During the following two months (January, February) the average price had a considerable reduction of 55 % 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 $619,122 to $512,500, which means a 83 % fall.
The graph displaying the average price for bedrooms illustrates that those properties with 1 bedroom are the cheapest ones. At a price of $1,025,000 they are 61 % more affordable than the average price for Viewbank. The properties with the highest average price have 4 bedrooms, Their price is 13 % more costly than the average. After that we have properties with 3 bedrooms priced at $796,404.
With regard to the average price per m² , those properties with 3 bedrooms are the cheapest ones at a cost of $943 / m², with an average $2,041 / m² price in Viewbank. The properties with the lowest average prices have 1 bedroom. They are 34 % cheaper than the average followed by properties with 2 bedrooms with a price at $1,285 / m².
The graph displaying the average prices displays the property type "Condo" as the most affordable one. At an cost of $1,025,000 it is 36 % cheaper than the average price in Viewbank. "House" is seen as the second most affordable property type. The dearest property type is "House" followed by "Condo". At a price of $651,124 it is 3 % more expensive than the average price.
According to the average cost per m², the cheapest property type is "Condo" at an average cost of $1,121 / m² followed by "House" priced at $1,166 / m². "House" is the cheapest type of property with a $1,166 / m² value followed by "Condo" with an average price of $1,121 / m².
