The prices in real estate in Macquarie Park, 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 Macquarie Park has increased strongly during the last 6 months. In October, the average price per m² was $493. In the following month the price per m² increased to $540. The price for the following two months in (December, January) had a considerable increment of 280 %. The price per m² has had a considerable deflation of 23 % 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 $982 to $229.5 during February, and March.
Based upon to the price in Macquarie Park (suburbs), these have remained the same in the last 6 months. The price in October is $198,338, rising in November till $215,198. During the following two months (December, January) the average price had a considerable increase of 144 % 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 $252,381.5 to $91,583, which means a 36 % fall.
The graph displaying the average price for bedrooms illustrates that those properties with 4 bedrooms are the most costly ones. At a price of $183,166 they are 32 % more expensive than the average price for Macquarie Park. Following this ranking we find those properties with 1 at an average price of $459,140. The properties with the highest average price have 2 bedrooms, Their price is 422 % more costly than the average. After that we have properties with 3 bedrooms priced at $931,134.
With regard to the average price per m² , those properties with 4 bedrooms are the cheapest ones at a cost of $213 / m², with an average $459 / m² price in Macquarie Park. The properties with the highest average prices have 2 bedrooms. They are 254 % more expensive than the average followed by properties with 1 bedroom with a price at $1,470 / m².