The prices in real estate in Bondi Junction, 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 Bondi Junction has increased strongly during the last 6 months. In October, the average price per m² was $589. In the following month the price per m² increased considerably to $719. The price for the following two months in (December, January) had a considerable increment of 296 %. The price per m² has had a considerable increase of 139 % 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 $1,296.25 to $1,798.5 during February, and March.
Based upon to the price in Bondi Junction (suburbs), this has gone up considerably in the last 6 months. The average price during our first sample month during October, is $175,316. During November the price went through a considerable rise reaching $249,050. During the following two months (December, January) the average price had a considerable increase of 430 % 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 risen strongly 156 % during the last two months.
The graph displaying the average price for bedrooms illustrates that those properties with 2 bedrooms are the most costly ones. At a price of $174,237 they are 65 % more expensive than the average price for Bondi Junction. Following this ranking we find those properties with 1 at an average price of $492,007. Based on the bedrooms values, properties with the highest prices are those with 3 bedrooms. They are 220 % more expensive than the average aforementioned.
With regard to the average price per m² , those properties with 2 bedrooms are the most costly ones at a cost of $516 / m², with an average $451 / m² price in Bondi Junction. Properties with the most expensive price based upon to the number of bedrooms / m² are those with 1 bedroom. They are 297 % more costly than the average value aforementioned.