Property prices for sale in South Morang (Victoria)
The prices in real estate in South Morang, in the Victoria region have had a minor fall in the last couple of months. The real estate prices for second hand homes have fallen in this city
The price per m² in South Morang has fallen in the last 6 months. In October, the average price per m² was $307. In the following month the price per m² decreased to $284. The price for the following two months in (December, January) had a considerable decrease of 53 with regard to the prior two months. The price per m² has had a considerable increase of 158 % 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 $226.25 to $358 during February, and March.
Based upon to the price in South Morang (suburbs), this has fallen considerably in the last 6 months. In our first sample month during October, the average price is $337,653. In November This price remains at $322,570. During the following two months (December, January) the average price had a considerable reduction of 53 % 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 125 % during the last two months.
