The prices in real estate in Griffith, 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 Griffith has increased strongly during the last 6 months. In October, the average price per m² was $204. In the following month the price per m² decreased to $189. In the following two months the price per m² has increased 108 %, going from $196.5 to $212.5 per m². The price per m² has had a considerable increase of 143 % 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 $204.5 to $293 during February, and March.
Based upon to the price in Griffith (suburbs), these have remained the same in the last 6 months. In our first sample month during October, the average price is $361,893. In November This price remains at $346,968. During the following two months (December, January) the average price fell 94 % with regard to the previous two months. Based on an analysis of the first four prices and the last two months the average price has gone up 105 % during the last two months.