The prices in real estate in Nelson South, in the Nelson Bays region have remained the same in the last couple of months. The real estate prices for second hand homes have remained in this city.
The price per m² in Nelson South has remained the same in the last 6 months. In November, the average price per m² was $5,516. In December this price pretty much remained the same at a value of $5,485 per m². In the following two months the price per m² has barely changed, going from $5,500.5 to $5,737 per m². The price per m² has increased 107 % 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 $5,618.75 to $5,992 during March, and April.
Based upon to the price in Nelson South (suburbs), this has gone up in the last 6 months. In our first sample month during November, the average price is $717,071. In December This price remains at $727,118. In the following two months the average price has remained the same with regard to the previous two months from $722,094.5 to $704,604. Based on an analysis of the first four prices and the last two months the average price has risen strongly 119 % during the last two months.