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.
The price per m² in Wheelers Hill has increased strongly during the last 6 months. In October, the average price per m² was $265. In the following month the price per m² increased considerably to $497. The price for the following two months in (December, January) had a considerable increment of 205 %. The price per m² has had a considerable increase of 147 % 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 $581.75 to $855.5 during February, and March.
Based upon to the price in Wheelers Hill (suburbs), this has gone up considerably in the last 6 months. The average price during our first sample month during October, is $159,161. During November the price went through a considerable rise reaching $456,538. During the following two months (December, January) the average price had a considerable increase of 266 % 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 157 % during the last two months.
The graph displaying the average price for bedrooms illustrates that those properties with 1 bedroom are the cheapest ones. At a price of $891,728 they are 87 % more affordable than the average price for Wheelers Hill. The properties with the lowest average price have 2 bedrooms, Their price is 70 % cheaper 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 $160 / m², with an average $867 / m² price in Wheelers Hill. The properties with the lowest average prices have 2 bedrooms. They are 40 % cheaper than the average followed by properties with 1 bedroom with a price at $371 / m².
The graph displaying the average prices displays the property type "Apartment" as the most affordable one. At an cost of $891,728 it is 87 % cheaper than the average price in Wheelers Hill. "House" is seen as the second most affordable property type. The cheapest type property is "House" followed by "Apartment". At a price of $117,402 it is 81 % more affordable than the average price.
According to the average cost per m², the cheapest property type is "Apartment" at an average cost of $215 / m² followed by "House" priced at $247 / m². "House" is the cheapest type of property with a $247 / m² value followed by "Apartment" with an average price of $215 / m².
