Property prices for sale in Inverell (New South Wales)

The prices in real estate in Inverell, 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.

Average price last 6 months
Price/m² last 6 months
Average price per m2

The price per m² in Inverell has increased strongly during the last 6 months. In September, the average price per m² was $7,613. In the following month the price per m² increased considerably to $9,329. The price for the following two months in (November, December) had a considerable increment of 162 %. The price per m² has had a considerable increase of 156 % 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 $11,106 to $17,373.5 during January, and February.

Average price

Based upon to the price in Inverell (suburbs), these have remained the same in the last 6 months. In our first sample month during September, the average price is $306,242. In October This price remains at $296,865. In the following two months the average price has remained the same with regard to the previous two months from $301,553.5 to $314,284. Based on an analysis of the first four prices and the last two months the average price has gone up 110 % during the last two months.

Average price per bedrooms

The graph showing the average price for bedrooms displays the property with the lowest price has 3 bedrooms. It is 15 % cheaper than the average price of $299,609 in Inverell. Based on the bedrooms values, properties with the highest prices are those with 4 bedrooms. They are 28 % more expensive than the average aforementioned.

With regard to the average prices per m² those properties with 3 bedrooms are 84 % cheaper than the average price of ($2,923 / m²) in Inverell. Properties with the most expensive price based upon to the number of bedrooms / m² are those with 4 bedrooms. They are 41 % more costly than the average value aforementioned.

Price per property type

The graph displaying the average prices displays the property type "Land" as the most affordable one. At an cost of $353,410 it is 58 % cheaper than the average price in Inverell. "House" is seen as the second most affordable property type. The dearest property type is "Acreage" followed by "House". At a price of $329,408 it is 80 % more expensive than the average price.

According to the average cost per m², the cheapest property type is "House" at an average cost of $935 / m² followed by "Acreage" priced at $23,012 / m². "Land" is the most costly type of property with a $53,979 / m² cost followed by "Acreage" with an average price of $23,012 / m².

Charts data
Average price February
Average price per m² February
Number of properties used in Inverell
Number of properties used in region New South Wales
** Graph's data with null or zero value are due to there isn't enough data available to get a reliable value