The prices in real estate in Warrnambool, 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 Warrnambool has had a strong decrease during the last 6 months. In October, the average price per m² was $846. In the following month the price per m² decreased considerably to $608. The price for the following two months in (December, January) had a considerable decrease of 81 with regard to the prior two months. The price per m² has barely changed in the last two months compared to the average price of the previous four months going from an average price of $658.75 to $665.5 during February y March
Based upon to the price in Warrnambool (suburbs), this has gone up in the last 6 months. In our first sample month during October, the average price is $333,080. In November This price remains at $344,131. In the following two months the average price has remained the same with regard to the previous two months from $338,605.5 to $349,435. Based on an analysis of the first four prices and the last two months the average price has gone up 110 % during the last two months.
The graph showing the average price for bedrooms displays the property with the lowest price has 3 bedrooms. It is 8 % cheaper than the average price of $353,470 in Warrnambool. Based on the bedrooms values, properties with the highest prices are those with 4 bedrooms. They are 14 % more expensive than the average aforementioned.
With regard to the average prices per m² those properties with 3 bedrooms are 6 % cheaper than the average price of ($652 / m²) in Warrnambool. Properties with the most expensive price based upon to the number of bedrooms / m² are those with 4 bedrooms. They are 70 % more costly than the average value aforementioned.
With regard to the average price based upon the property in Warrnambool we can see that the cheapest property type is "House" at a price of $374,153, they are 2 % more affordable than the average price of (!PRECIO2!). "House" has the lowest price. This price is 2 % more affordable than the average price aforementioned.
According to the average area cost by m² the cheapest property type is "House with an average price of $626 / m². "House" with an average cost of $626 / m² has the lowest price and would be directed at less affluent cities.