The prices in real estate in Riverstone, 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 Riverstone has increased strongly during the last 6 months. In September, the average price per m² was $63. In the following month the price per m² increased considerably to $77. The price for the following two months in (November, December) had a considerable increment of 145 %. The price per m² has had a considerable increase of 1141 % 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 $85.75 to $978.5 during January, and February.
Based upon to the price in Riverstone (suburbs), this has gone up considerably in the last 6 months. The average price during our first sample month during September, is $121,888. During October the price went through a considerable rise reaching $142,644. During the following two months (November, December) the average price had a considerable increase of 133 % with regard to the previous two months. Based on an analysis of the first four prices and the last two months the average price has risen strongly 399 % during the last two months.