The prices in real estate in Erina, 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 Erina has increased strongly during the last 6 months. In October, the average price per m² was $494. In the following month the price per m² increased considerably to $639. The price for the following two months in (December, January) had a considerable increment of 297 %. The price per m² has had a considerable deflation of 51 % 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 $1,125.5 to $578 during February, and March.
Based upon to the price in Erina (suburbs), this has gone up in the last 6 months. In our first sample month during October, the average price is $426,462. In November This price remains at $445,250. During the following two months (December, January) the price has had an average incrementation from $435,856 to $476,062.5. During the last two months, the average price has pretty much remained the same with regard to the previous average values going from an average value of $455,959.25 and $471,611 between February and March.