The prices in real estate in Moe, in the Victoria region have had a minor rise in the last couple of months. The real estate prices for second hand homes have risen in this city.
The price per m² in Moe has increased during the last 6 months. In November, the average price per m² was $386. In December this price pretty much remained the same at a value of $404 per m². In the following two months the price per m² has barely changed, going from $395 to $392 per m². The price per m² has had a considerable increase of 122 % 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 $393.5 to $482 during March, and April.
Based upon to the price in Moe (suburbs), this has fallen considerably in the last 6 months. The average price for November is $480,000. During December the price had a slight fall till $425,882. During the following two months (January, February) the average price had a considerable reduction of 84 % 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 $417,632.5 to $354,604, which means a 85 % fall.