Property prices for sale in Cressy (Tasmania)

The price per m² in Cressy has had a strong decrease during the last 6 months. In November, the average price per m² was $548. In December this price pretty much remained the same at a value of $551 per m². The price for the following two months in (January, February) had a considerable decrease of 50 with regard to the prior two months. The price per m² has had a considerable deflation of 51 % 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 $412 to $209.5 during March, and April.

Based upon to the price in Cressy (suburbs), this has fallen considerably in the last 6 months. In our first sample month during November, the average price is $448,077. In December This price remains at $448,077. During the following two months (January, February) the average price had a considerable reduction of 44 % 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 $323,507.25 to $190,416.5, which means a 59 % fall.