The prices in real estate in Crackenback, 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 Crackenback has increased strongly during the last 6 months. In November, the average price per m² was $370. In the following month the price per m² increased considerably to $1,121. The price for the following two months in (January, February) had a considerable increment of 145 %. The price per m² has had a considerable deflation of 74 % 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 $911.75 to $677 during March, and April.
Based upon to the price in Crackenback (suburbs), this has gone up considerably in the last 6 months. The average price during our first sample month during November, is $655,000. During December the price went through a considerable rise reaching $1,006,000. During the following two months (January, February) the average price had a considerable increase of 125 % with regard to the previous two months. During the last two months, the average price has reduced with regard to the previous ones. To be precise it has gone down 89 %, going from $933,101.75 to $834,765 in March and April.
The graph displaying the average price for bedrooms illustrates that those properties with 1 bedroom are the cheapest ones. At a price of $654,345 they are 19 % more affordable than the average price for Crackenback. The properties with the highest average price have 4 bedrooms, Their price is 72 % more costly than the average. After that we have properties with 3 bedrooms priced at $973,825.
With regard to the average price per m² , those properties with 3 bedrooms are the most costly ones at a cost of $978 / m², with an average $369 / m² price in Crackenback. The properties with the highest average prices have 1 bedroom. They are 382 % more expensive than the average followed by properties with 2 bedrooms with a price at $1,584 / m².
The graph displaying the average prices displays the property type "Apartment" as the most costly one. At an cost of $654,345 it is 11 % more expensive than the average price in Crackenback. "House" is seen as the second dearest property type. The dearest property type is "House" followed by "Apartment". At a price of $723,675 it is 87 % more expensive than the average price.
According to the average cost per m², the most expensive property type would be "House" at an average cost of $1,017 / m² followed by "Apartment" priced at $1,198 / m². "Apartment" is the most costly type of property with a $1,198 / m² cost followed by "House" with an average price of $1,017 / m².