The prices in real estate in Kings Park, 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 Kings Park has increased strongly during the last 6 months. In September, the average price per m² was $364. In the following month the price per m² increased to $392. The price for the following two months in (November, December) had a considerable increment of 117 %. The price per m² has increased 111 % 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 $410 to $453.5 during January, and February.
Based upon to the price in Kings Park (suburbs), this has gone up considerably in the last 6 months. In our first sample month during September, the average price is $216,860. In October This price remains at $226,460. During the following two months (November, December) the average price had a considerable increase of 115 % 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 risen strongly 117 % during the last two months.