The prices in real estate in Gundagai, 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 Gundagai has increased strongly during the last 6 months. In October, the average price per m² was $314. In the following month the price per m² increased considerably to $495. The price for the following two months in (December, January) had a considerable increment of 121 %. The price per m² has had a considerable increase of 311 % 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 $447.5 to $1,389.5 during February, and March.
Based upon to the price in Gundagai (suburbs), this has gone up considerably in the last 6 months. The average price during our first sample month during October, is $453,000. During November the price went through a considerable rise reaching $533,125. In the following two months the average price has remained the same with regard to the previous two months from $493,062.5 to $484,339.5. Based on an analysis of the first four prices and the last two months the average price has risen strongly 231 % during the last two months.