The prices in real estate in Wonthaggi, 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 Wonthaggi has increased strongly during the last 6 months. In October, the average price per m² was $463. In the following month the price per m² decreased to $431. The price for the following two months in (December, January) had a considerable increment of 170 %. The price per m² has barely changed in the last two months compared to the average price of the previous four months going from an average price of $603.5 to $619.5 during February y March
Based upon to the price in Wonthaggi (suburbs), this has gone downing the last 6 months. In our first sample month during October, the average price is $559,349. In November This price remains at $545,095. During the following two months (December, January) the price has had an average incrementation from $552,222 to $606,033.5. During the last two months the average price has had a strong fall compared to the previous four going from $579,127.75 to $344,269, which means a 59 % fall.