The prices in real estate in Waterloo, in the South Australia 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 Waterloo has increased strongly during the last 6 months. In October, the average price per m² was $734. In the following month the price per m² increased to $774. The price for the following two months in (December, January) had a considerable increment of 464 %. The price per m² has increased 113 % 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 $2,124.75 to $2,404 during February, and March.
Based upon to the price in Waterloo (suburbs), this has gone up considerably in the last 6 months. In our first sample month during October, the average price is $363,672. In November This price remains at $363,235. During the following two months (December, January) the average price had a considerable increase of 529 % 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 $1,143,416.75 to $210,666.5, which means a 18 % fall.
The graph displaying the average price for bedrooms illustrates that those properties with 4 bedrooms are the cheapest ones. At a price of $233,333 they are 32 % more affordable than the average price for Waterloo. The properties with the highest average price have 3 bedrooms, Their price is 159 % more costly than the average. After that we have properties with 2 bedrooms priced at $384,285.
With regard to the average price per m² , those properties with 4 bedrooms are the cheapest ones at a cost of $152 / m², with an average $2,389 / m² price in Waterloo. The properties with the lowest average prices have 1 bedroom. They are 53 % cheaper than the average followed by properties with 3 bedrooms with a price at $693 / m².