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 February, the average price per m² was $648. In the following month the price per m² increased considerably to $7,411. The price for the following two months in (April, May) had a considerable increment of 530 %. The price per m² has had a considerable increase of 3548 % 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 $12,692.75 to $450,356 during June, and July.
Based upon to the price in Lakes Entrance (suburbs), this has gone up considerably in the last 6 months. The average price for February is $466,189. During March the price had a considerable reduction till $395,948. In the following two months the average price has remained the same with regard to the previous two months from $431,068.5 to $422,200.5. Based on an analysis of the first four prices and the last two months the average price has risen strongly 180 % 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 47 % cheaper than the average price of $395,696 in Lakes Entrance. Based on the bedrooms values, properties with the lowest prices are those with 1 bedroom. They are 47 % more affordable than the average aforementioned.
With regard to the average prices per m² those properties with 1 bedroom are 94 % cheaper than the average price of ($26,711 / 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 94 % 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 $395,696, they are 47 % more affordable than the average price of (!PRECIO2!). "House" has the lowest price. This price is 47 % 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 $26,711 / m². "House" with an average cost of $26,711 / m² has the lowest price and would be directed at less affluent cities.