The prices in real estate in Binalong, 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 Binalong has had a strong decrease during the last 6 months. In November, the average price per m² was $636. In the following month the price per m² decreased to $587. The price for the following two months in (January, February) decreased 88 % with regard to the prior two months. 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 $575.25 to during March, and April.
Based upon to the price in Binalong (suburbs), this has gone downing the last 6 months. The price in November is $356,111, rising in December till $398,333. During the following two months (January, February) the average price had a considerable increase of 165 % 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 $500,277.75 to , which means a 0 % fall.