The prices in real estate in Gosford, 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 Gosford has had a strong decrease during the last 6 months. In October, the average price per m² was $767. In November this price pretty much remained the same at a value of $771 per m². The price for the following two months in (December, January) had a considerable decrease of 84 with regard to the prior two months. The price per m² has had a considerable deflation of 55 % 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 $709 to $392.5 during February, and March.
Based upon to the price in Gosford (suburbs), this has fallen considerably in the last 6 months. In our first sample month during October, the average price is $530,853. In November This price remains at $528,572. During the following two months (December, January) the average price had a considerable reduction of 77 % 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 $470,017 to $269,656.5, which means a 57 % fall.
The graph displaying the average price for bedrooms illustrates that those properties with 4 bedrooms are the cheapest ones. At a price of $539,313 they are 31 % more affordable than the average price for Gosford. The properties with the lowest average price have 3 bedrooms, Their price is 7 % cheaper than the average. After that we have properties with 2 bedrooms priced at $436,574.
With regard to the average price per m² , those properties with 4 bedrooms are the cheapest ones at a cost of $325 / m², with an average $785 / m² price in Gosford. The properties with the highest average prices have 1 bedroom. They are 71 % more expensive than the average followed by properties with 2 bedrooms with a price at $782 / m².