The prices in real estate in Benalla, 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 Benalla has increased strongly during the last 6 months. In September, the average price per m² was $354. In October this price pretty much remained the same at a value of $343 per m². In the following two months the price per m² has barely changed, going from $348.5 to $365.5 per m². The price per m² has had a considerable increase of 140 % 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 $357 to $501.5 during January, and February.
Based upon to the price in Benalla (suburbs), this has gone up considerably in the last 6 months. In our first sample month during September, the average price is $388,954. In October This price remains at $383,373. During the following two months (November, December) the price has had an average incrementation from $386,163.5 to $409,265.5. Based on an analysis of the first four prices and the last two months the average price has risen strongly 132 % during the last two months.