The prices in real estate in Tugrah, 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 Tugrah has increased strongly during the last 6 months. In October, the average price per m² was $616. In the following month the price per m² decreased considerably to $518. The price for the following two months in (December, January) had a considerable increment of 3602 %. The price per m² has had a considerable increase of 141 % 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 $10,496.25 to $14,763.5 during February, and March.
Based upon to the price in Tugrah (suburbs), this has fallen considerably in the last 6 months. In our first sample month during October, the average price is $879,750. In November This price remains at $903,600. During the following two months (December, January) the average price had a considerable reduction of 78 % 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 $793,587.5 to $374,166.5, which means a 47 % fall.