The prices in real estate in Eastern Suburbs Mc, 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 Eastern Suburbs Mc has increased strongly during the last 6 months. In October, the average price per m² was $104. In the following month the price per m² increased considerably to $593. The price for the following two months in (December, January) had a considerable increment of 494 %. The price per m² has increased 111 % 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 $1,034.25 to $1,144.5 during February, and March.
Based upon to the price in Eastern Suburbs Mc (suburbs), this has gone up considerably in the last 6 months. The average price during our first sample month during October, is $133,313. During November the price went through a considerable rise reaching $246,501. During the following two months (December, January) the average price had a considerable increase of 520 % 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 116 % during the last two months.