The prices in real estate in Highton, 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 Highton has had a strong decrease during the last 6 months. In February, the average price per m² was $953. 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 174 %. The price per m² has had a considerable deflation of 72 % 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 $653 to $470 during June, and July.
Based upon to the price in Highton (suburbs), this has fallen considerably in the last 6 months. The average price for February is $613,058. During March the price had a considerable reduction till . During the following two months (April, May) the average price had a considerable increase of 183 % 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 $433,147.75 to $354,150, which means a 82 % fall.