The prices in real estate in Parramatta, 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 Parramatta has increased strongly during the last 6 months. In May, the average price per m² was $3,154. In the following month the price per m² decreased to $2,905. The price for the following two months in (July, August) had a considerable increment of 144 %. The price per m² has had a considerable increase of 142 % 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 $3,702.75 to $5,241 during September, and October.
Based upon to the price in Parramatta (suburbs), this has fallen considerably in the last 6 months. In our first sample month during May, the average price is $752,088. In June This price remains at $715,688. During the following two months (July, August) the average price had a considerable reduction of 81 % with regard to the previous two months. During the last two months, the average price has reduced with regard to the previous ones. To be precise it has gone down 89 %, going from $665,108.25 to $590,053 in September and October.
The graph showing the average price for bedrooms displays the property with the lowest price has 1 bedroom. It is 0 % cheaper than the average price of $631,680 in Parramatta. Based on the bedrooms values, properties with the lowest prices are those with 1 bedroom. They are 0 % more affordable than the average aforementioned.
With regard to the average prices per m² those properties with 1 bedroom are 0 % cheaper than the average price of ($5,962 / m²) in Parramatta. Properties with the most affordable price based upon to the number of bedrooms / m² are those with 1 bedroom. They are 0 % cheaper than the average value aforementioned.
With regard to the average price based upon the property in Parramatta we can see that the cheapest property type is "Apartment" at a price of $631,680, they are 0 % more affordable than the average price of (!PRECIO2!). "Apartment" has the lowest price. This price is 0 % more affordable than the average price aforementioned.
According to the average area cost by m² the cheapest property type is "Apartment with an average price of $5,962 / m². "Apartment" with an average cost of $5,962 / m² has the lowest price and would be directed at less affluent cities.