The prices in real estate in Kotara East, 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 Kotara East has increased strongly during the last 6 months. In November, the average price per m² was $575. In the following month the price per m² increased considerably to $670. The price for the following two months in (January, February) had a considerable increment of 158 %. The price per m² has barely changed in the last two months compared to the average price of the previous four months going from an average price of $802 to $770 during March y April
Based upon to the price in Kotara East (suburbs), this has gone up considerably in the last 6 months. The average price during our first sample month during November, is $464,100. During December the price went through a considerable rise reaching $548,081. During the following two months (January, February) the average price had a considerable increase of 179 % with regard to the previous two months. 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 $706,674 and $699,091.5 between March and April.