The prices in real estate in Mowbray, 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 Mowbray has increased strongly during the last 6 months. In October, the average price per m² was $560. In November this price pretty much remained the same at a value of $587 per m². The price for the following two months in (December, January) had a considerable increment of 118 %. The price per m² has had a considerable increase of 152 % 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 $625.25 to $949 during February, and March.
Based upon to the price in Mowbray (suburbs), this has gone downing the last 6 months. In our first sample month during October, the average price is $469,100. In November This price remains at $462,157. In the following two months the average price has remained the same with regard to the previous two months from $465,628.5 to $454,987.5. During the last two months, the average price has reduced with regard to the previous ones. To be precise it has gone down 87 %, going from $460,308 to $401,574.5 in February and March.