The prices in real estate in Lennox Head, in the New South Wales 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 Lennox Head has had a strong decrease during the last 6 months. In October, the average price per m² was $1,555. In the following month the price per m² decreased considerably to . The price for the following two months in (December, January) had a considerable increment of 273 %. The price per m² has had a considerable deflation of 51 % 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 $1,450.25 to $733.5 during February, and March.
Based upon to the price in Lennox Head (suburbs), this has fallen considerably in the last 6 months. The average price for October is $1,215,000. During November the price had a considerable reduction till . During the following two months (December, January) the average price had a considerable increase of 216 % with regard to the previous two months. During the last two months, the average price has reduced with regard to the previous ones. To be precise it has gone down 86 %, going from $958,750 to $828,333.5 in February and March.