The prices in real estate in Hervey Bay, 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 Hervey Bay has had a strong decrease during the last 6 months. In August, the average price per m² was $17,324. In the following month the price per m² decreased considerably to $14,215. The price for the following two months in (October, November) had a considerable decrease of 32 with regard to the prior two months. 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 $10,429.75 to during December, and January.
Based upon to the price in Hervey Bay (suburbs), this has fallen considerably in the last 6 months. The average price for August is $3,236,600. During September the price had a considerable reduction till $2,623,980. During the following two months (October, November) the average price had a considerable reduction of 23 % 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 $1,806,411.75 to , which means a 0 % fall.