The prices in real estate in Cohuna, 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 Cohuna has increased strongly during the last 6 months. In November, the average price per m² was $358. In the following month the price per m² increased considerably to $2,633. The price for the following two months in (January, February) had a considerable increment of 130 %. The price per m² has had a considerable increase of 132 % 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 $1,716.75 to $2,272.5 during March, and April.
Based upon to the price in Cohuna (suburbs), this has gone up considerably in the last 6 months. The average price during our first sample month during November, is $461,250. During December the price went through a considerable rise reaching $683,333. During the following two months (January, February) the average price fell 85 % 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 gone up 109 % during the last two months.