The prices in real estate in North Albury, 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 North Albury has increased strongly during the last 6 months. In September, the average price per m² was $367. In the following month the price per m² increased considerably to $530. In the following two months the price per m² has increased 113 %, going from $448.5 to $508 per m². The price per m² has had a considerable increase of 131 % 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 $478.25 to $628.5 during January, and February.
Based upon to the price in North Albury (suburbs), this has gone up considerably in the last 6 months. The average price during our first sample month during September, is $310,667. During October the price went through a considerable rise reaching $411,940. During the following two months (November, December) the price has had an average incrementation from $361,303.5 to $406,847. Based on an analysis of the first four prices and the last two months the average price has risen strongly 123 % during the last two months.