Property prices for sale in Mortlake (New South Wales)
The prices in real estate in Mortlake, 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 Mortlake has increased strongly during the last 6 months. In November, the average price per m² was $553. In December this price pretty much remained the same at a value of $553 per m². The price for the following two months in (January, February) had a considerable increment of 268 %. The price per m² has had a considerable deflation of 54 % 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 $1,017 to $552 during March, and April.
Based upon to the price in Mortlake (suburbs), this has gone up considerably in the last 6 months. In our first sample month during November, the average price is $321,778. In December This price remains at $321,778. During the following two months (January, February) the average price had a considerable increase of 290 % 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 $627,144 to $321,456, which means a 51 % fall.
