The prices in real estate in Byron Bay, 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 Byron Bay has had a strong decrease during the last 6 months. In June, the average price per m² was $102,082. In the following month the price per m² decreased considerably to $3,062. The price for the following two months in (August, September) had a considerable decrease of 8 with regard to the prior two months. The price per m² has had a considerable deflation of 20 % 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 $28,347.25 to $5,697.5 during October, and November.
Based upon to the price in Byron Bay (suburbs), this has gone up considerably in the last 6 months. The average price during our first sample month during June, is $957,267. During July the price went through a considerable rise reaching $1,298,750. During the following two months (August, September) the average price had a considerable increase of 156 % with regard to the previous two months. Based on an analysis of the first four prices and the last two months the average price has risen strongly 124 % during the last two months.
The graph showing the average price for bedrooms displays the property with the lowest price has 1 bedroom. It is 13 % cheaper than the average price of $1,346,033 in Byron Bay. Based on the bedrooms values, properties with the lowest prices are those with 1 bedroom. They are 13 % more affordable than the average aforementioned.
With regard to the average prices per m² those properties with 1 bedroom are 48 % cheaper than the average price of ($3,041 / m²) in Byron Bay. Properties with the most affordable price based upon to the number of bedrooms / m² are those with 1 bedroom. They are 48 % cheaper than the average value aforementioned.
With regard to the average price based upon the property in Byron Bay we can see that the cheapest property type is "House" at a price of $1,346,033, they are 13 % more affordable than the average price of (!PRECIO2!). "House" has the lowest price. This price is 13 % more affordable than the average price aforementioned.
According to the average area cost by m² the cheapest property type is "House with an average price of $3,041 / m². "House" with an average cost of $3,041 / m² has the lowest price and would be directed at less affluent cities.