The prices in real estate in Lauderdale, in the Tasmania 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 Lauderdale has increased strongly during the last 6 months. In November, the average price per m² was $1,043. In December this price pretty much remained the same at a value of $1,079 per m². The price for the following two months in (January, February) had a considerable increment of 140 %. The price per m² has had a considerable increase of 197 % 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 $1,272 to $2,506 during March, and April.
Based upon to the price in Lauderdale (suburbs), this has fallen considerably in the last 6 months. The average price for November is $1,069,059. During December the price had a slight fall till $1,001,842. During the following two months (January, February) the average price had a considerable reduction of 83 % with regard to the previous two months. During the last two months the average price has had a strong fall compared to the previous four going from $945,551.75 to $792,778, which means a 84 % fall.