- The red (darkest) regions or spots represent older property
- Lighter the colors get, lesser the age of your house
- In central areas of Melbourne, most of the old houses are located in concentration.
- Suburb areas are less concentrated and have newer houses
- Correlation between Houses and People
- The bigger the circle, the more restaurants you have
- The greener the circle, the number of parks increases
- For a wide range in Age, the price remains the same
- Decision: Do not correlate age with price when you are investing in your property in Melbourne
- The warmer the red, more is the price.
- The cooler the color, the lesser the price.
- The most expensive houses are in the dense central zone.
- If you are looking for cheaper options, you can look in thin zones which are in the away from the center.
- A straight comparison of the price of the house with respect to the suburb where it is located
- Are you looking for a posh area or just a regular one? This decides for you
- The average price in the richest suburb is almost double of the lowest prices suburb
- If it’s a bungalow in Melbourne, its probably relatively old and the priciest.
- Townhouse is new and the price is moderate
- Apartment are the cheapest
- A direct correlation between the number of people and the number of children
- With increase in the number of children and people (adults), the number of houses in Melbourne also increases