The prices in real estate in Forth, 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 Forth has increased strongly during the last 6 months. In October, the average price per m² was $812. In the following month the price per m² decreased to $761. The price for the following two months in (December, January) had a considerable decrease of 75 with regard to the prior two months. The price per m² has had a considerable increase of 1306 % 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 $688 to $8,985 during February, and March.
Based upon to the price in Forth (suburbs), this has fallen considerably in the last 6 months. In our first sample month during October, the average price is $814,250. In November This price remains at $793,923. During the following two months (December, January) the price has had an average incrementation from $804,086.5 to $852,791.5. During the last two months the average price has had a strong fall compared to the previous four going from $828,439 to $440,500, which means a 53 % fall.