The prices in real estate in Lakes Entrance, in the Victoria 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 Lakes Entrance has increased strongly during the last 6 months. In July, the average price per m² was $625. In the following month the price per m² increased considerably to $883. In the following two months the price per m² has barely changed, going from $754 to $724.5 per m². The price per m² has had a considerable increase of 3673 % 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 $739.25 to $27,150.5 during November, and December.
Based upon to the price in Lakes Entrance (suburbs), this has gone up in the last 6 months. In our first sample month during July, the average price is $423,741. In August This price remains at $404,167. In the following two months the average price has remained the same with regard to the previous two months from $413,954 to $429,326.5. Based on an analysis of the first four prices and the last two months the average price has risen strongly 126 % during the last two months.
The graph showing the average price for bedrooms displays the property with the lowest price has 1 bedroom. It is 26 % cheaper than the average price of $398,481 in Lakes Entrance. Based on the bedrooms values, properties with the lowest prices are those with 1 bedroom. They are 26 % more affordable than the average aforementioned.
With regard to the average prices per m² those properties with 1 bedroom are 8 % cheaper than the average price of ($26,900 / m²) in Lakes Entrance. Properties with the most affordable price based upon to the number of bedrooms / m² are those with 1 bedroom. They are 8 % cheaper than the average value aforementioned.
With regard to the average price based upon the property in Lakes Entrance we can see that the cheapest property type is "House" at a price of $398,481, they are 26 % more affordable than the average price of (!PRECIO2!). "House" has the lowest price. This price is 26 % more affordable than the average price aforementioned.
According to the average area cost by m² the cheapest property type is "House with an average price of $26,900 / m². "House" with an average cost of $26,900 / m² has the lowest price and would be directed at less affluent cities.