Property prices for sale in Northmead (New South Wales)
The prices in real estate in Northmead, 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 Northmead has increased strongly during the last 6 months. In November, the average price per m² was $263. In the following month the price per m² increased to $294. The price for the following two months in (January, February) had a considerable increment of 276 %. The price per m² has had a considerable deflation of 50 % 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 $524.25 to $262 during March, and April.
Based upon to the price in Northmead (suburbs), this has gone up considerably in the last 6 months. The price in November is $213,000, rising in December till $238,375. During the following two months (January, February) the average price had a considerable increase of 212 % 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 $352,437.25 to $212,787, which means a 60 % fall.
