Property prices for sale in Cannon Hill (Queensland)
The prices in real estate in Cannon Hill, 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 Cannon Hill has had a strong decrease during the last 6 months. In October, the average price per m² was $2,203. In November this price pretty much remained the same at a value of $2,131 per m². The price for the following two months in (December, January) had a considerable decrease of 68 with regard to the prior two months. The price per m² has had a considerable deflation of 59 % 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 $1,824 to $1,077.5 during February, and March.
Based upon to the price in Cannon Hill (suburbs), these have remained the same in the last 6 months. The average price for October is $853,667. During November the price had a slight fall till $766,750. During the following two months (December, January) the average price had a considerable increase of 126 % 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 $916,054.25 to $730,416.5, which means a 80 % fall.
