The prices in real estate in Deniliquin, 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 Deniliquin has had a strong decrease during the last 6 months. In November, the average price per m² was $335. In the following month the price per m² increased considerably to $447. The price for the following two months in (January, February) decreased 87 % with regard to the prior two months. The price per m² has had a considerable deflation of 37 % 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 $365 to $135.5 during March, and April.
Based upon to the price in Deniliquin (suburbs), this has fallen considerably in the last 6 months. In our first sample month during November, the average price is $266,284. In December This price remains at $275,800. During the following two months (January, February) the price has had an average incrementation from $271,042 to $285,066.5. During the last two months the average price has had a strong fall compared to the previous four going from $278,054.25 to $99,166.5, which means a 36 % fall.