The prices in real estate in Miranda, 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 Miranda has increased strongly during the last 6 months. In October, the average price per m² was $498. In November this price pretty much remained the same at a value of $498 per m². The price for the following two months in (December, January) had a considerable increment of 246 %. The price per m² has had a considerable deflation of 0 % 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 $862.25 to during February, and March.
Based upon to the price in Miranda (suburbs), this has gone up in the last 6 months. In our first sample month during October, the average price is $210,824. In November This price remains at $210,824. During the following two months (December, January) the average price had a considerable increase of 217 % 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 $334,282.5 to , which means a 0 % fall.