Property prices for sale in Newborough (Victoria)
The prices in real estate in Newborough, in the Victoria 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 Newborough has increased strongly during the last 6 months. In November, the average price per m² was $493. In the following month the price per m² decreased to $451. In the following two months the price per m² has increased 106 %, going from $472 to $500 per m². The price per m² has had a considerable increase of 218 % 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 $486 to $1,061.5 during March, and April.
Based upon to the price in Newborough (suburbs), this has gone up considerably in the last 6 months. The average price for November is $370,000. During December the price had a slight fall till $324,045. During the following two months (January, February) the price has had an average incrementation from $347,022.5 to $373,613.5. Based on an analysis of the first four prices and the last two months the average price has risen strongly 182 % during the last two months.
