The prices in real estate in Boorowa, 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 Boorowa has increased strongly during the last 6 months. In October, the average price per m² was $402. In the following month the price per m² increased considerably to $466. The price for the following two months in (December, January) had a considerable increment of 7639 %. The price per m² has had a considerable increase of 203 % 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 $16,792.75 to $34,158.5 during February, and March.
Based upon to the price in Boorowa (suburbs), this has gone up in the last 6 months. In our first sample month during October, the average price is $449,150. In November This price remains at $467,524. During the following two months (December, January) the average price had a considerable increase of 119 % with regard to the previous two months. During the last two months, the average price has pretty much remained the same with regard to the previous average values going from an average value of $502,687.5 and $505,000 between February and March.