The prices in real estate in Bundanoon, 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 Bundanoon has increased strongly during the last 6 months. In November, the average price per m² was $741. In December this price pretty much remained the same at a value of $755 per m². The price for the following two months in (January, February) had a considerable increment of 132 %. The price per m² has had a considerable increase of 136 % 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 $869 to $1,182 during March, and April.
Based upon to the price in Bundanoon (suburbs), this has gone up considerably in the last 6 months. In our first sample month during November, the average price is $827,329. In December This price remains at $801,284. During the following two months (January, February) the average price had a considerable increase of 145 % 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 123 % during the last two months.