The prices in real estate in Griffith, 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 Griffith has had a strong decrease during the last 6 months. In August, the average price per m² was $598. In the following month the price per m² decreased considerably to $317. The price for the following two months in (October, November) had a considerable decrease of 0 with regard to the prior two months. The price per m² has had a considerable increase of 204 % 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 $228.75 to $466 during December, and January.
Based upon to the price in Griffith (suburbs), this has fallen considerably in the last 6 months. The average price for August is $321,929. During September the price had a considerable reduction till $243,724. During the following two months (October, November) the average price had a considerable reduction of 0 % with regard to the previous two months. Based on an analysis of the first four prices and the last two months the average price has risen strongly 299 % during the last two months.
The graph showing the average price for bedrooms displays the property with the lowest price has 1 bedroom. It is 5 % cheaper than the average price of $485,611 in Griffith. Based on the bedrooms values, properties with the lowest prices are those with 1 bedroom. They are 5 % more affordable than the average aforementioned.
With regard to the average prices per m² those properties with 1 bedroom are 72 % cheaper than the average price of ($160 / m²) in Griffith. Properties with the most affordable price based upon to the number of bedrooms / m² are those with 1 bedroom. They are 72 % cheaper than the average value aforementioned.
With regard to the average price based upon the property in Griffith we can see that the cheapest property type is "House" at a price of $485,611, they are 5 % more affordable than the average price of (!PRECIO2!). "House" has the lowest price. This price is 5 % more affordable than the average price aforementioned.
According to the average area cost by m² the cheapest property type is "House with an average price of $160 / m². "House" with an average cost of $160 / m² has the lowest price and would be directed at less affluent cities.