The prices in real estate in Macedon, 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 Macedon has increased strongly during the last 6 months. In November, the average price per m² was $628. In December this price pretty much remained the same at a value of $639 per m². The price for the following two months in (January, February) had a considerable increment of 179 %. The price per m² has decreased 88 % 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 $883 to $773 during March, and April.
Based upon to the price in Macedon (suburbs), this has gone up considerably in the last 6 months. In our first sample month during November, the average price is $817,959. In December This price remains at $782,497. During the following two months (January, February) the average price had a considerable increase of 137 % 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 $949,693.75 and $944,253.5 between March and April.