The prices in real estate in Biloela, 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 Biloela has had a strong decrease during the last 6 months. In November, the average price per m² was $539. In the following month the price per m² decreased considerably to $324. The price for the following two months in (January, February) had a considerable decrease of 76 with regard to the prior two months. The price per m² has increased 112 % 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 $380.25 to $426 during March, and April.
Based upon to the price in Biloela (suburbs), this has fallen considerably in the last 6 months. The average price for November is $333,933. During December the price had a slight fall till $289,733. During the following two months (January, February) the average price fell 91 % with regard to the previous two months. During the last two months, the average price has reduced with regard to the previous ones. To be precise it has gone down 89 %, going from $297,494.75 to $265,016.5 in March and April.