Property prices for sale in Cootamundra (New South Wales)
The prices in real estate in Cootamundra, 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 Cootamundra has had a strong decrease during the last 6 months. In November, the average price per m² was $816. In the following month the price per m² decreased considerably to $658. The price for the following two months in (January, February) had a considerable decrease of 59 with regard to the prior two months. The price per m² has had a considerable deflation of 40 % 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 $584.5 to $232 during March, and April.
Based upon to the price in Cootamundra (suburbs), this has fallen considerably in the last 6 months. The price in November is $449,833, rising in December till $501,000. During the following two months (January, February) the average price had a considerable reduction of 49 % 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 $354,779.75 to $254,500, which means a 72 % fall.
