The prices in real estate in Risdon Vale, 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 Risdon Vale has increased strongly during the last 6 months. In November, the average price per m² was $321. In December this price pretty much remained the same at a value of $314 per m². The price for the following two months in (January, February) had a considerable increment of 161 %. The price per m² has had a considerable increase of 242 % 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 $414.25 to $1,003.5 during March, and April.
Based upon to the price in Risdon Vale (suburbs), this has gone up in the last 6 months. In our first sample month during November, the average price is $345,541. In December This price remains at $333,315. During the following two months (January, February) the price has had an average incrementation from $339,428 to $377,466.5. Based on an analysis of the first four prices and the last two months the average price has risen strongly 121 % during the last two months.