The prices in real estate in Flora Hill, in the Victoria 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 Flora Hill has had a strong decrease during the last 6 months. In October, the average price per m² was $618. In November this price pretty much remained the same at a value of $626 per m². In the following two months the price per m² has increased 109 %, going from $622 to $675.5 per m². The price per m² has had a considerable deflation of 0 % 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 $648.75 to during February, and March.
Based upon to the price in Flora Hill (suburbs), this has fallen considerably in the last 6 months. In our first sample month during October, the average price is $489,354. In November This price remains at $505,999. During the following two months (December, January) the price has had an average incrementation from $497,676.5 to $562,076.5. During the last two months the average price has had a strong fall compared to the previous four going from $529,876.5 to , which means a 0 % fall.