The prices in real estate in Dunbogan, 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 Dunbogan has had a strong decrease during the last 6 months. In November, the average price per m² was $1,132. In the following month the price per m² decreased to $1,070. In the following two months the price per m² has barely changed, going from $1,101 to $1,116.5 per m². The price per m² has had a considerable deflation of 45 % 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 $1,108.75 to $494 during March, and April.
Based upon to the price in Dunbogan (suburbs), this has gone downing the last 6 months. The average price during our first sample month during November, is $664,286. During December the price went through a considerable rise reaching $953,000. During the following two months (January, February) the average price had a considerable reduction of 82 % 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 $737,654.75 to $374,833.5, which means a 51 % fall.