The prices in real estate in Rockbank, in the Victoria 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 Rockbank has increased strongly during the last 6 months. In September, the average price per m² was $273. In the following month the price per m² increased considerably to $515. The price for the following two months in (November, December) decreased 94 % with regard to the prior two months. The price per m² has had a considerable increase of 303 % 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 $382.75 to $1,160 during January, and February.
Based upon to the price in Rockbank (suburbs), this has gone up considerably in the last 6 months. The price in September is $361,220, rising in October till $411,520. In the following two months the average price has remained the same with regard to the previous two months from $386,370 to $386,335. Based on an analysis of the first four prices and the last two months the average price has risen strongly 120 % during the last two months.