The prices in real estate in Echuca, in the Victoria region have remained the same in the last couple of months. The real estate prices for second hand homes have remained in this city.
The price per m² in Echuca has remained the same in the last 6 months. In October, the average price per m² was $632. In the following month the price per m² increased to $725. The price for the following two months in (December, January) decreased 93 % with regard to the prior two months. The price per m² has decreased 89 % 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 $655.25 to $581.5 during February, and March.
Based upon to the price in Echuca (suburbs), this has fallen considerably in the last 6 months. The price in October is $702,450, rising in November till $751,531. 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 $648,446.5 to $532,930.5, which means a 82 % fall.