The prices in real estate in Bannockburn, in the Victoria region have had a minor fall in the last couple of months. The real estate prices for second hand homes have fallen in this city
The price per m² in Bannockburn has fallen in the last 6 months. In October, the average price per m² was $404. In the following month the price per m² increased considerably to $562. The price for the following two months in (December, January) had a considerable increment of 127 %. The price per m² has had a considerable deflation of 0 % 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 $548 to during February, and March.
Based upon to the price in Bannockburn (suburbs), this has fallen considerably in the last 6 months. The price in October is $579,263, rising in November till $643,531. During the following two months (December, January) the average price fell 86 % 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 $568,864.5 to , which means a 0 % fall.