Property prices for sale in Montello (Tasmania)
The prices in real estate in Montello, in the Tasmania 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 Montello has increased strongly during the last 6 months. In November, the average price per m² was $462. In December this price pretty much remained the same at a value of $454 per m². The price for the following two months in (January, February) had a considerable increment of 261 %. The price per m² has had a considerable deflation of 59 % 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 $827.5 to $489.5 during March, and April.
Based upon to the price in Montello (suburbs), this has gone up in the last 6 months. In our first sample month during November, the average price is $387,894. In December This price remains at $379,269. During the following two months (January, February) the average price had a considerable increase of 147 % 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 $473,840.75 to $308,166.5, which means a 65 % fall.
