The prices in real estate in Belmore, in the New South Wales 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 Belmore has increased strongly during the last 6 months. In October, the average price per m² was $734. In the following month the price per m² increased to $774. The price for the following two months in (December, January) had a considerable increment of 141 %. The price per m² has increased 115 % 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 $909.5 to $1,042 during February, and March.
Based upon to the price in Belmore (suburbs), this has gone up considerably in the last 6 months. The price in October is $300,103, rising in November till $316,219. During the following two months (December, January) the average price had a considerable increase of 138 % 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 gone up 114 % during the last two months.
The graph showing the average price for bedrooms displays the property with the most expensive price has 2 bedrooms. It is 2 % more costly than the average price of $311,021 in Belmore. Based on the bedrooms values, properties with the highest prices are those with 1 bedroom. They are 23 % more expensive than the average aforementioned.
With regard to the average prices per m² those properties with 2 bedrooms are 17 % cheaper than the average price of ($615 / m²) in Belmore. Properties with the most expensive price based upon to the number of bedrooms / m² are those with 1 bedroom. They are 73 % more costly than the average value aforementioned.