The prices in real estate in Deception Bay, 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 Deception Bay has had a strong decrease during the last 6 months. In October, the average price per m² was $372. In the following month the price per m² increased considerably to $445. The price for the following two months in (December, January) had a considerable decrease of 76 with regard to the prior two months. The price per m² has had a considerable deflation of 66 % 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 $360.5 to $238 during February, and March.
Based upon to the price in Deception Bay (suburbs), this has fallen considerably in the last 6 months. The price in October is $343,419, rising in November till $383,163. During the following two months (December, January) the average price fell 85 % 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 $336,465.75 to $196,344, which means a 58 % fall.