Property prices for sale in Hepburn (Victoria)
The prices in real estate in Hepburn, 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 Hepburn has had a strong decrease during the last 6 months. In November, the average price per m² was $750. In the following month the price per m² decreased to $698. The price for the following two months in (January, February) had a considerable increment of 125 %. The price per m² has had a considerable deflation of 34 % 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 $814.25 to $278.5 during March, and April.
Based upon to the price in Hepburn (suburbs), this has fallen considerably in the last 6 months. In our first sample month during November, the average price is $687,053. In December This price remains at $689,278. In the following two months the average price has remained the same with regard to the previous two months from $688,165.5 to $710,222. During the last two months the average price has had a strong fall compared to the previous four going from $699,193.75 to $289,875, which means a 41 % fall.
