Property prices for sale in Railton (Tasmania)
The prices in real estate in Railton, in the Tasmania 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 Railton has increased strongly during the last 6 months. In October, the average price per m² was $302. In the following month the price per m² increased to $318. The price for the following two months in (December, January) had a considerable increment of 504 %. The price per m² has had a considerable deflation of 20 % 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 $936.75 to $187.5 during February, and March.
Based upon to the price in Railton (suburbs), this has fallen considerably in the last 6 months. In our first sample month during October, the average price is $385,813. In November This price remains at $376,867. During the following two months (December, January) the price has had an average incrementation from $381,340 to $403,864.5. During the last two months the average price has had a strong fall compared to the previous four going from $392,602.25 to $184,500, which means a 47 % fall.
