The prices in real estate in Blackmans Bay, in the Tasmania 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 Blackmans Bay has increased strongly during the last 6 months. In November, the average price per m² was $993. In the following month the price per m² decreased to $888. The price for the following two months in (January, February) had a considerable increment of 177 %. The price per m² has had a considerable increase of 129 % 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 $1,304.75 to $1,684 during March, and April.
Based upon to the price in Blackmans Bay (suburbs), these have remained the same in the last 6 months. In our first sample month during November, the average price is $790,609. In December This price remains at $769,546. In the following two months the average price has remained the same with regard to the previous two months from $780,077.5 to $790,985.5. During the last two months, the average price has reduced with regard to the previous ones. To be precise it has gone down 94 %, going from $785,531.5 to $741,397 in March and April.