The prices in real estate in Wangaratta, 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 Wangaratta has increased strongly during the last 6 months. In September, the average price per m² was $537. In October this price pretty much remained the same at a value of $554 per m². In the following two months the price per m² has barely changed, going from $545.5 to $557.5 per m². The price per m² has had a considerable increase of 160 % 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 $551.5 to $881 during January, and February.
Based upon to the price in Wangaratta (suburbs), this has gone up in the last 6 months. In our first sample month during September, the average price is $522,167. In October This price remains at $532,313. In the following two months the average price has remained the same with regard to the previous two months from $527,240 to $529,390. Based on an analysis of the first four prices and the last two months the average price has gone up 115 % during the last two months.