Property prices for sale in Wheelers Hill (Victoria)

The prices in real estate in Wheelers Hill, 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.

Average price last 6 months
Price/m² last 6 months
Average price per m2

The price per m² in Wheelers Hill has increased strongly during the last 6 months. In November, the average price per m² was $497. In December this price pretty much remained the same at a value of $479 per m². The price for the following two months in (January, February) had a considerable increment of 198 %. The price per m² has had a considerable deflation of 78 % 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 $726.5 to $565.5 during March, and April.

Average price

Based upon to the price in Wheelers Hill (suburbs), this has gone up considerably in the last 6 months. In our first sample month during November, the average price is $456,538. In December This price remains at $449,813. During the following two months (January, February) the average price had a considerable increase of 228 % 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 $744,154 to $525,364.5, which means a 71 % fall.

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 $159,001 they are 25 % more affordable than the average price for Wheelers Hill. The properties with the highest average price have 2 bedrooms, Their price is 105 % more costly than the average. After that we have properties with 3 bedrooms priced at $234,765.

With regard to the average price per m² , those properties with 4 bedrooms are the cheapest ones at a cost of $152 / m², with an average $264 / m² price in Wheelers Hill. The properties with the highest average prices have 2 bedrooms. They are 137 % more expensive than the average followed by properties with 1 bedroom with a price at $371 / 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 $159,001 it is 1 % cheaper than the average price in Wheelers Hill. "House" is seen as the second most affordable property type. The dearest property type is "House" followed by "Apartment". At a price of $156,806 it is 5 % more expensive than the average price.

According to the average cost per m², the cheapest property type is "House" at an average cost of $251 / m² followed by "Apartment" priced at $284 / m². "Apartment" is the most costly type of property with a $284 / m² cost followed by "House" with an average price of $251 / m².

Charts data
Average price April
Average price per m² April
Number of properties used in Wheelers Hill
Number of properties used in region Victoria
** Graph's data with null or zero value are due to there isn't enough data available to get a reliable value