The prices in real estate in Glenorchy, 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 Glenorchy has increased strongly during the last 6 months. In October, the average price per m² was $949. In the following month the price per m² increased considerably to $1,145. The price for the following two months in (December, January) had a considerable increment of 175 %. The price per m² has increased 108 % 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 $1,437.5 to $1,559 during February, and March.
Based upon to the price in Glenorchy (suburbs), these have remained the same in the last 6 months. In our first sample month during October, the average price is $528,690. In November This price remains at $516,053. In the following two months the average price has remained the same with regard to the previous two months from $522,371.5 to $536,395. 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 $529,383.25 and $529,411 between February and March.