Property prices for sale in New Town (Tasmania)
The prices in real estate in New Town, 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 New Town has increased strongly during the last 6 months. In October, the average price per m² was $1,078. In the following month the price per m² increased considerably to $1,442. The price for the following two months in (December, January) had a considerable increment of 220 %. The price per m² has decreased 94 % 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 $2,017.75 to $1,890 during February, and March.
Based upon to the price in New Town (suburbs), this has gone downing the last 6 months. In our first sample month during October, the average price is $674,473. In November This price remains at $692,633. In the following two months the average price has remained the same with regard to the previous two months from $683,553 to $705,529.5. During the last two months the average price has had a strong fall compared to the previous four going from $694,541.25 to $382,853, which means a 55 % fall.
