Property prices for sale in Burwood (Victoria)
The prices in real estate in Burwood, 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 Burwood has increased strongly during the last 6 months. In November, the average price per m² was $555. In the following month the price per m² decreased to $523. The price for the following two months in (January, February) had a considerable increment of 232 %. The price per m² has had a considerable deflation of 26 % 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 $895 to $233.5 during March, and April.
Based upon to the price in Burwood (suburbs), this has gone up considerably in the last 6 months. The average price for November is $384,306. During December the price had a slight fall till $353,333. During the following two months (January, February) the average price had a considerable increase of 213 % with regard to the previous two months. During the last two months the average price has had a strong fall compared to the previous four going from $576,593.75 to $151,567, which means a 26 % fall.
