The prices in real estate in Ranelagh, 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 Ranelagh has increased strongly during the last 6 months. In November, the average price per m² was $751. In December this price pretty much remained the same at a value of $757 per m². The price for the following two months in (January, February) had a considerable increment of 147 %. The price per m² has increased 106 % 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 $932.75 to $984.5 during March, and April.
Based upon to the price in Ranelagh (suburbs), these have remained the same in the last 6 months. In our first sample month during November, the average price is $630,679. In December This price remains at $650,556. In the following two months the average price has remained the same with regard to the previous two months from $640,617.5 to $632,100. During the last two months, the average price has pretty much remained the same with regard to the previous average values going from an average value of $636,358.75 and $619,850 between March and April.