The prices in real estate in Narromine, 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 Narromine has increased strongly during the last 6 months. In November, the average price per m² was $195. In December this price pretty much remained the same at a value of $204 per m². The price for the following two months in (January, February) had a considerable increment of 159 %. The price per m² has decreased 86 % 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 $258 to $221.5 during March, and April.
Based upon to the price in Narromine (suburbs), this has gone up considerably in the last 6 months. In our first sample month during November, the average price is $228,683. In December This price remains at $234,802. During the following two months (January, February) the average price had a considerable increase of 152 % 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 $291,496.25 to $222,500, which means a 76 % fall.