The prices in real estate in Waurn Ponds, in the Victoria 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 Waurn Ponds has increased strongly during the last 6 months. In October, the average price per m² was $600. In November this price pretty much remained the same at a value of $611 per m². The price for the following two months in (December, January) had a considerable increment of 117 %. 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 $655.5 to $922 during February, and March.
Based upon to the price in Waurn Ponds (suburbs), this has gone downing the last 6 months. In our first sample month during October, the average price is $617,874. In November This price remains at $618,124. In the following two months the average price has remained the same with regard to the previous two months from $617,999 to $608,791.5. During the last two months the average price has had a strong fall compared to the previous four going from $613,395.25 to $395,759.5, which means a 65 % fall.