The prices in real estate in Lockhart, 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 Lockhart has had a strong decrease during the last 6 months. In October, the average price per m² was $290. 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 139 %. The price per m² has had a considerable deflation of 64 % 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 $173.25 to $111.5 during February, and March.
Based upon to the price in Lockhart (suburbs), this has fallen considerably in the last 6 months. The average price for October is $321,300. During November the price had a considerable reduction till . During the following two months (December, January) the average price had a considerable increase of 121 % 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 $177,575 to $105,500, which means a 59 % fall.