The prices in real estate in Minto, 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 Minto has increased strongly during the last 6 months. In November, the average price per m² was $10. In the following month the price per m² increased considerably to $496. The price for the following two months in (January, February) had a considerable increment of 734 %. The price per m² has had a considerable deflation of 9 % 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 $1,055.5 to $99 during March, and April.
Based upon to the price in Minto (suburbs), this has gone up considerably in the last 6 months. The average price during our first sample month during November, is $10,000. During December the price went through a considerable rise reaching $553,333. During the following two months (January, February) the average price had a considerable increase of 685 % 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 $1,105,833.25 to $81,106, which means a 7 % fall.