The prices in real estate in East Devonport, in the Tasmania 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 East Devonport has increased strongly during the last 6 months. In October, the average price per m² was $544. In the following month the price per m² increased to $572. In the following two months the price per m² has barely changed, going from $558 to $538 per m². The price per m² has had a considerable increase of 2496 % 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 $548 to $13,678.5 during February, and March.
Based upon to the price in East Devonport (suburbs), this has gone up considerably in the last 6 months. The price in October is $426,211, rising in November till $458,353. In the following two months the average price has remained the same with regard to the previous two months from $442,282 to $443,885. 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.