The prices in real estate in Rockdale, 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 Rockdale has increased strongly during the last 6 months. In October, the average price per m² was $749. In November this price pretty much remained the same at a value of $749 per m². The price for the following two months in (December, January) had a considerable increment of 633 %. The price per m² has had a considerable increase of 165 % 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 $2,746.75 to $4,525 during February, and March.
Based upon to the price in Rockdale (suburbs), this has gone up considerably in the last 6 months. In our first sample month during October, the average price is $427,900. In November This price remains at $427,900. During the following two months (December, January) the average price had a considerable increase of 177 % with regard to the previous two months. During the last two months the average price has had a strong fall compared to the previous four going from $592,179.25 to $459,666.5, which means a 78 % fall.