The prices in real estate in Gayndah, 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 Gayndah has had a strong decrease during the last 6 months. In November, the average price per m² was $345. In December this price pretty much remained the same at a value of $362 per m². In the following two months the price per m² has barely changed, going from $353.5 to $337.5 per m². The price per m² has had a considerable deflation of 44 % 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 $345.5 to $153.5 during March, and April.
Based upon to the price in Gayndah (suburbs), this has gone downing the last 6 months. The price in November is $319,692, rising in December till $336,870. During the following two months (January, February) the price has had an average incrementation from $328,281 to $374,020.5. During the last two months the average price has had a strong fall compared to the previous four going from $351,150.75 to $161,541.5, which means a 46 % fall.