The prices in real estate in Eastwood, 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 Eastwood has increased strongly during the last 6 months. In October, the average price per m² was $238. In November this price pretty much remained the same at a value of $238 per m². In the following two months the price per m² has barely changed, going from $238 to $249 per m². The price per m² has had a considerable increase of 420 % 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 $243.5 to $1,022 during February, and March.
Based upon to the price in Eastwood (suburbs), this has gone up considerably in the last 6 months. In our first sample month during October, the average price is $113,636. In November This price remains at $113,636. In the following two months the average price has remained the same with regard to the previous two months from $113,636 to $118,761. Based on an analysis of the first four prices and the last two months the average price has risen strongly 649 % during the last two months.