The prices in real estate in Hackett, in the Australian Capital Territory 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 Hackett has had a strong decrease during the last 6 months. In October, the average price per m² was $961. In the following month the price per m² decreased to $856. 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 decreased 92 % 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 $683.25 to $628 during February, and March.
Based upon to the price in Hackett (suburbs), this has gone downing the last 6 months. The average price for October is $639,375. During November the price had a slight fall till $569,444. During the following two months (December, January) the average price had a considerable reduction of 62 % 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 155 % during the last two months.