Property prices for sale in Dennington (Victoria)

The price per m² in Dennington has had a strong decrease during the last 6 months. In October, the average price per m² was $596. In November this price pretty much remained the same at a value of $591 per m². The price for the following two months in (December, January) had a considerable decrease of 69 with regard to the prior two months. The price per m² has had a considerable deflation of 83 % 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 $501.25 to $417 during February, and March.

Based upon to the price in Dennington (suburbs), this has fallen considerably in the last 6 months. In our first sample month during October, the average price is $586,667. In November This price remains at $589,000. During the following two months (December, January) the average price had a considerable reduction of 78 % 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 $523,070.5 to $432,788.5, which means a 83 % fall.