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.

$875,169.75
Average price last 6 months
$1,414
Price/m² last 6 months
Average price per m2

The price per m² in Viewbank has had a strong decrease during the last 6 months. In December, the average price per m² was $1,150. In the following month the price per m² increased considerably to $1,326. The price for the following two months in (February, March) had a considerable decrease of 0 with regard to the prior two months. The price per m² has had a considerable increase of 257 % 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 to $1,590 during April, and May.

Average price

Based upon to the price in Viewbank (suburbs), this has fallen considerably in the last 6 months. The price in December is $787,813, rising in January till $880,550. During the following two months (February, March) the average price had a considerable reduction of 0 % 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 220 % during the last two months.

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 $807,316 they are 50 % more affordable than the average price for Viewbank. The properties with the highest average price have 4 bedrooms, Their price is 46 % more costly than the average. After that we have properties with 3 bedrooms priced at $866,799.

With regard to the average price per m² , those properties with 4 bedrooms are the cheapest ones at a cost of $997 / m², with an average $1,139 / m² price in Viewbank. The properties with the highest average prices have 1 bedroom. They are 19 % more expensive than the average followed by properties with 2 bedrooms with a price at $1,287 / 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 $807,316 it is 15 % 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 "Apartment". At a price of $686,857 it is 31 % more expensive than the average price.

According to the average cost per m², the cheapest property type is "Apartment" at an average cost of $1,139 / m² followed by "House" priced at $1,168 / m². "House" is the most costly type of property with a $1,168 / m² cost followed by "Apartment" with an average price of $1,139 / m².

Charts data
Average price May
Average price per m² May
Number of properties used in Viewbank
Number of properties used in region Victoria
$807,316
$1,139
172
212,298
** Graph's data with null or zero value are due to there isn't enough data available to get a reliable value
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