The prices in real estate in Leeton, 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 Leeton has increased strongly during the last 6 months. In October, the average price per m² was $565. In the following month the price per m² increased considerably to $675. The price for the following two months in (December, January) had a considerable decrease of 51 with regard to the prior two months. The price per m² has had a considerable increase of 1903 % 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 $469 to $8,925 during February, and March.
Based upon to the price in Leeton (suburbs), this has fallen considerably in the last 6 months. The average price during our first sample month during October, is $402,857. During November the price went through a considerable rise reaching $518,750. During the following two months (December, January) the average price had a considerable reduction of 43 % 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 $329,714.25 to $230,900, which means a 70 % fall.