The prices in real estate in North Dorrigo, 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 Dorrigo has increased strongly during the last 6 months. In November, the average price per m² was . In the following month the price per m² increased considerably to $416. The price for the following two months in (January, February) had a considerable increment of 295 %. The price per m² has barely changed in the last two months compared to the average price of the previous four months going from an average price of $410.5 to $405 during March y April
Based upon to the price in North Dorrigo (suburbs), this has gone up considerably in the last 6 months. The average price during our first sample month during November, is . During December the price went through a considerable rise reaching $593,750. During the following two months (January, February) the average price had a considerable increase of 209 % 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 $459,215.25 to $382,750, which means a 83 % fall.