The prices in real estate in Caringbah, 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 Caringbah has had a strong decrease during the last 6 months. In October, the average price per m² was $705. In the following month the price per m² decreased considerably to $574. The price for the following two months in (December, January) had a considerable decrease of 44 with regard to the prior two months. The price per m² has had a considerable deflation of 60 % 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 $460.75 to $275 during February, and March.
Based upon to the price in Caringbah (suburbs), this has fallen considerably in the last 6 months. The average price for October is $395,000. During November the price had a slight fall till $341,522. During the following two months (December, January) the average price had a considerable reduction of 52 % 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 $279,309 to $150,920, which means a 54 % fall.
The graph showing the average price for bedrooms displays the property with the most expensive price has 1 bedroom. It is 49 % more costly than the average price of $450,763 in Caringbah. Based on the bedrooms values, properties with the highest prices are those with 1 bedroom. They are 49 % more expensive than the average aforementioned.
With regard to the average prices per m² those properties with 1 bedroom are 151 % more costly than the average price of ($1,381 / m²) in Caringbah. Properties with the most expensive price based upon to the number of bedrooms / m² are those with 1 bedroom. They are 151 % more costly than the average value aforementioned.