The prices in real estate in Glen Huon, 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 Glen Huon has increased strongly during the last 6 months. In November, the average price per m² was $293. In the following month the price per m² decreased considerably to $244. The price for the following two months in (January, February) had a considerable increment of 374 %. The price per m² has had a considerable increase of 12207 % 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 $637 to $77,758 during March, and April.
Based upon to the price in Glen Huon (suburbs), this has fallen considerably in the last 6 months. In our first sample month during November, the average price is $511,125. In December This price remains at $507,250. During the following two months (January, February) the average price had a considerable reduction of 71 % with regard to the previous two months. During the last two months the average price has had a strong fall compared to the previous four going from $436,260.5 to $340,600, which means a 78 % fall.