Property prices for sale in Ermington (New South Wales)
The prices in real estate in Ermington, 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 Ermington has had a strong decrease during the last 6 months. In October, the average price per m² was $392. In the following month the price per m² increased considerably to $468. The price for the following two months in (December, January) had a considerable decrease of 65 with regard to the prior two months. The price per m² has had a considerable deflation of 67 % 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 $354.25 to $239 during February, and March.
Based upon to the price in Ermington (suburbs), this has fallen considerably in the last 6 months. The price in October is $324,444, rising in November till $369,000. During the following two months (December, January) the average price had a considerable reduction of 63 % with regard to the previous two months. During the last two months the average price has had a strong fall compared to the previous four going from $283,035.75 to $189,810, which means a 67 % fall.
