The prices in real estate in Drysdale, 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 Drysdale has increased strongly during the last 6 months. In October, the average price per m² was $636. In November this price pretty much remained the same at a value of $630 per m². The price for the following two months in (December, January) had a considerable increment of 527 %. The price per m² has had a considerable increase of 188 % 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 $1,983 to $3,730.5 during February, and March.
Based upon to the price in Drysdale (suburbs), this has fallen considerably in the last 6 months. In our first sample month during October, the average price is $671,809. In November This price remains at $677,447. In the following two months the average price has remained the same with regard to the previous two months from $674,628 to $657,791.5. During the last two months the average price has had a strong fall compared to the previous four going from $666,209.75 to $354,375, which means a 53 % fall.