The prices in real estate in Moama, 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 Moama has increased strongly during the last 6 months. In October, the average price per m² was $200. In the following month the price per m² decreased considerably to $142. The price for the following two months in (December, January) had a considerable increment of 300 %. The price per m² has increased 114 % 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 $342.25 to $389 during February, and March.
Based upon to the price in Moama (suburbs), this has gone up considerably in the last 6 months. In our first sample month during October, the average price is $324,657. In November This price remains at $314,155. During the following two months (December, January) the average price had a considerable increase of 155 % 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 $407,707.75 to $322,906.5, which means a 79 % fall.