The prices in real estate in Glen Innes, 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 Glen Innes has increased strongly during the last 6 months. In July, the average price per m² was $359. In the following month the price per m² increased considerably to $873. The price for the following two months in (September, October) had a considerable increment of 171 %. The price per m² has had a considerable increase of 621 % 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 $836 to $5,192.5 during November, and December.
Based upon to the price in Glen Innes (suburbs), this has fallen considerably in the last 6 months. The price in July is $377,625, rising in August till $429,000. During the following two months (September, October) the average price had a considerable reduction of 76 % 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 $355,250 to $175,966.5, which means a 50 % fall.