The prices in real estate in Coramba, 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 Coramba has increased strongly during the last 6 months. In October, the average price per m² was . In the following month the price per m² increased considerably to $886. The price for the following two months in (December, January) had a considerable increment of 200 %. The price per m² has had a considerable increase of 130 % 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 $663.5 to $862.5 during February, and March.
Based upon to the price in Coramba (suburbs), this has gone up considerably in the last 6 months. The average price during our first sample month during October, is . During November the price went through a considerable rise reaching $726,667. During the following two months (December, January) the average price had a considerable increase of 221 % 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 129 % during the last two months.
The graph displaying the average price for bedrooms illustrates that those properties with 1 bedroom are the cheapest ones. At a price of $725,830 they are 46 % more affordable than the average price for Coramba. The properties with the highest average price have 4 bedrooms, Their price is 22 % more costly than the average. After that we have properties with 3 bedrooms priced at $814,412.
With regard to the average price per m² , those properties with 4 bedrooms are the cheapest ones at a cost of $782 / m², with an average $840 / m² price in Coramba. The properties with the highest average prices have 1 bedroom. They are 47 % more expensive than the average followed by properties with 2 bedrooms with a price at $975 / m².
The graph displaying the average prices displays the property type "Condo" as the most affordable one. At an cost of $725,830 it is 21 % cheaper than the average price in Coramba. "House" is seen as the second most affordable property type. The dearest property type is "House" followed by "Condo". At a price of $577,021 it is 9 % more expensive than the average price.
According to the average cost per m², the cheapest property type is "House" at an average cost of $778 / m² followed by "Condo" priced at $934 / m². "Condo" is the most costly type of property with a $934 / m² cost followed by "House" with an average price of $778 / m².