The prices in real estate in Hawthorn, 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 Hawthorn has had a strong decrease during the last 6 months. In February, the average price per m² was $3,317. In the following month the price per m² decreased considerably to . The price for the following two months in (April, May) had a considerable increment of 277 %. 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 $3,128.25 to during June, and July.
Based upon to the price in Hawthorn (suburbs), this has fallen considerably in the last 6 months. The average price for February is $872,539. During March the price had a considerable reduction till . During the following two months (April, May) the average price had a considerable increase of 211 % 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 $677,405.5 to , which means a 0 % fall.