The prices in real estate in Burnie, in the Tasmania 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 Burnie has had a strong decrease during the last 6 months. In February, the average price per m² was $55,501. In March this price pretty much remained the same at a value of $55,375 per m². The price for the following two months in (April, May) had a considerable decrease of 32 with regard to the prior two months. The price per m² has had a considerable deflation of 21 % 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 $36,462.25 to $7,727 during June, and July.
Based upon to the price in Burnie (suburbs), this has fallen considerably in the last 6 months. The average price for February is $572,000. During March the price had a slight fall till $489,250. During the following two months (April, May) the average price had a considerable reduction of 47 % 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 $389,381.25 to $124,810.5, which means a 32 % fall.