The prices in real estate in Albany Creek, in the Queensland 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 Albany Creek has had a strong decrease during the last 6 months. In October, the average price per m² was $1,181. In November this price pretty much remained the same at a value of $1,179 per m². The price for the following two months in (December, January) had a considerable decrease of 62 with regard to the prior two months. The price per m² has had a considerable deflation of 58 % 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 $953.25 to $552 during February, and March.
Based upon to the price in Albany Creek (suburbs), this has gone downing the last 6 months. In our first sample month during October, the average price is $535,000. In November This price remains at $534,465. In the following two months the average price has remained the same with regard to the previous two months from $534,732.5 to $541,003.5. During the last two months the average price has had a strong fall compared to the previous four going from $537,868 to $438,928.5, which means a 82 % fall.