Property prices for sale in West Hobart (Tasmania)
The prices in real estate in West 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 West Hobart has increased strongly during the last 6 months. In November, the average price per m² was $1,255. In the following month the price per m² increased to $1,335. The price for the following two months in (January, February) had a considerable increment of 309 %. The price per m² has had a considerable deflation of 64 % 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 $2,647.5 to $1,685.5 during March, and April.
Based upon to the price in West Hobart (suburbs), this has fallen considerably in the last 6 months. In our first sample month during November, the average price is $923,854. In December This price remains at $942,785. During the following two months (January, February) the price has had an average incrementation from $933,319.5 to $993,320.5. During the last two months the average price has had a strong fall compared to the previous four going from $963,320 to $475,643, which means a 49 % fall.
