The prices in real estate in East Toowoomba, 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 East Toowoomba has had a strong decrease during the last 6 months. In October, the average price per m² was $222. In November this price pretty much remained the same at a value of $222 per m². The price for the following two months in (December, January) had a considerable decrease of 50 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 $166.5 to $110.5 during February, and March.
Based upon to the price in East Toowoomba (suburbs), this has fallen considerably in the last 6 months. In our first sample month during October, the average price is $178,286. In November This price remains at $178,286. During the following two months (December, January) the average price had a considerable reduction of 50 % 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 $133,714.5 to $89,053.5, which means a 67 % fall.