The prices in real estate in Beveridge, 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 Beveridge has increased strongly during the last 6 months. In October, the average price per m² was $475. In the following month the price per m² decreased to $406. In the following two months the price per m² has increased 113 %, going from $440.5 to $498 per m². The price per m² has had a considerable increase of 172 % 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 $469.25 to $807.5 during February, and March.
Based upon to the price in Beveridge (suburbs), these have remained the same in the last 6 months. In our first sample month during October, the average price is $571,864. In November This price remains at $544,622. In the following two months the average price has remained the same with regard to the previous two months from $558,243 to $555,801.5. Based on an analysis of the first four prices and the last two months the average price has gone up 109 % during the last two months.