The prices in real estate in Muswellbrook, in the New South Wales 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 Muswellbrook has increased during the last 6 months. In May, the average price per m² was $379. In the following month the price per m² increased to $418. The price for the following two months in (July, August) decreased 92 % with regard to the prior two months. The price per m² has had a considerable increase of 125 % 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 $382.5 to $477.5 during September, and October.
Based upon to the price in Muswellbrook (suburbs), this has gone up in the last 6 months. The price in May is $297,622, rising in June till $328,816. In the following two months the average price has remained the same with regard to the previous two months from $313,219 to $302,488. Based on an analysis of the first four prices and the last two months the average price has risen strongly 118 % during the last two months.
The graph displaying the average price for bedrooms illustrates that those properties with 1 bedroom are the cheapest ones. At a price of $379,488 they are 59 % more affordable than the average price for Muswellbrook. The properties with the lowest average price have 4 bedrooms, Their price is 6 % cheaper than the average. After that we have properties with 2 bedrooms priced at $345,317.
With regard to the average price per m² , those properties with 4 bedrooms are the cheapest ones at a cost of $444 / m², with an average $518 / m² price in Muswellbrook. The properties with the highest average prices have 2 bedrooms. They are 450 % more expensive than the average followed by properties with 1 bedroom with a price at $651 / m².
The graph displaying the average prices displays the property type "Land" as the most affordable one. At an cost of $379,488 it is 61 % cheaper than the average price in Muswellbrook. "Apartment" is seen as the second most affordable property type. The cheapest type property is "House" followed by "Apartment". At a price of $330,533 it is 12 % more affordable than the average price.
According to the average cost per m², the cheapest property type is "Land" at an average cost of $54 / m² followed by "Apartment" priced at $370 / m². "House" is the cheapest type of property with a $446 / m² value followed by "Apartment" with an average price of $370 / m².