The prices in real estate in Dural, 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 Dural has had a strong decrease during the last 6 months. In October, the average price per m² was $1,003. In November this price pretty much remained the same at a value of $1,003 per m². The price for the following two months in (December, January) decreased 89 % with regard to the prior two months. The price per m² has had a considerable deflation of 49 % 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 $947.75 to $461.5 during February, and March.
Based upon to the price in Dural (suburbs), this has fallen considerably in the last 6 months. In our first sample month during October, the average price is $1,074,143. In November This price remains at $1,074,143. In the following two months the average price has remained the same with regard to the previous two months from $1,074,143 to $1,026,172.5. During the last two months the average price has had a strong fall compared to the previous four going from $1,050,157.75 to $254,928.5, which means a 24 % fall.