The prices in real estate in Baulkham Hills, in the New South Wales region have had a strong fall in the last couple of months. The real estate prices for second hand homes have gone through a strong fall in this city.
The price per m² in Baulkham Hills has had a strong decrease during the last 6 months. In October, the average price per m² was $2,242. In November this price pretty much remained the same at a value of $2,242 per m². In the following two months the price per m² has barely changed, going from $2,242 to $2,233.5 per m². The price per m² has had a considerable deflation of 42 % 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 $2,237.75 to $950 during February, and March.
Based upon to the price in Baulkham Hills (suburbs), this has fallen considerably in the last 6 months. In our first sample month during October, the average price is $1,825,343. In November This price remains at $1,825,343. During the following two months (December, January) the price has had an average incrementation from $1,825,343 to $1,961,012. During the last two months the average price has had a strong fall compared to the previous four going from $1,893,177.5 to $823,369, which means a 43 % fall.