Property prices for sale in South Hobart (Tasmania)
The prices in real estate in South Hobart, 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 South Hobart has increased strongly during the last 6 months. In October, the average price per m² was $1,263. In the following month the price per m² increased considerably to $1,908. The price for the following two months in (December, January) had a considerable increment of 153 %. The price per m² has had a considerable deflation of 79 % 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 $2,008.5 to $1,594.5 during February, and March.
Based upon to the price in South Hobart (suburbs), this has fallen considerably in the last 6 months. In our first sample month during October, the average price is $810,972. In November This price remains at $829,725. During the following two months (December, January) the price has had an average incrementation from $820,348.5 to $870,891. During the last two months the average price has had a strong fall compared to the previous four going from $845,619.75 to $403,094, which means a 48 % fall.
