The prices in real estate in Avoca, 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 Avoca has increased strongly during the last 6 months. In October, the average price per m² was $410. In the following month the price per m² increased considerably to $1,239. The price for the following two months in (December, January) had a considerable increment of 160 %. The price per m² has increased 106 % 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 $1,073.25 to $1,143 during February, and March.
Based upon to the price in Avoca (suburbs), this has gone downing the last 6 months. The price in October is $364,870, rising in November till $397,015. In the following two months the average price has remained the same with regard to the previous two months from $380,942.5 to $364,451.5. During the last two months the average price has had a strong fall compared to the previous four going from $372,697 to $250,169, which means a 67 % fall.