The prices in real estate in Mulgrave, 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 Mulgrave has increased during the last 6 months. In October, the average price per m² was $483. In the following month the price per m² increased considerably to $613. The price for the following two months in (December, January) had a considerable decrease of 54 with regard to the prior two months. The price per m² has had a considerable increase of 166 % 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 $420.75 to $700 during February, and March.
Based upon to the price in Mulgrave (suburbs), this has gone up in the last 6 months. The average price during our first sample month during October, is $420,000. During November the price went through a considerable rise reaching $528,889. During the following two months (December, January) the average price had a considerable reduction of 50 % with regard to the previous two months. Based on an analysis of the first four prices and the last two months the average price has risen strongly 188 % during the last two months.