The prices in real estate in Merimbula, 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 Merimbula has increased strongly during the last 6 months. In August, the average price per m² was $144. In September this price pretty much remained the same at a value of $145 per m². In the following two months the price per m² has increased 108 %, going from $144.5 to $156.5 per m². The price per m² has had a considerable increase of 277 % 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 $150.5 to $417 during December, and January.
Based upon to the price in Merimbula (suburbs), this has fallen considerably in the last 6 months. The average price for August is $595,700. During September the price had a considerable reduction till $499,063. During the following two months (October, November) the average price had a considerable reduction of 70 % with regard to the previous two months. Based on an analysis of the first four prices and the last two months the average price has risen strongly 130 % 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 0 % cheaper than the average price of $683,462 in Merimbula. Based on the bedrooms values, properties with the lowest prices are those with 1 bedroom. They are 0 % more affordable than the average aforementioned.
With regard to the average prices per m² those properties with 1 bedroom are 0 % cheaper than the average price of ($614 / m²) in Merimbula. Properties with the most affordable price based upon to the number of bedrooms / m² are those with 1 bedroom. They are 0 % cheaper than the average value aforementioned.
With regard to the average price based upon the property in Merimbula we can see that the cheapest property type is "Apartment" at a price of $683,462, they are 0 % more affordable than the average price of (!PRECIO2!). "Apartment" has the lowest price. This price is 0 % more affordable than the average price aforementioned.
According to the average area cost by m² the cheapest property type is "Apartment with an average price of $614 / m². "Apartment" with an average cost of $614 / m² has the lowest price and would be directed at less affluent cities.