Property prices for sale in Mareeba (Queensland)
The prices in real estate in Mareeba, 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 Mareeba has had a strong decrease during the last 6 months. In October, the average price per m² was $2,777. In the following month the price per m² decreased considerably to $439. The price for the following two months in (December, January) had a considerable decrease of 20 with regard to the prior two months. The price per m² has had a considerable deflation of 39 % 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 $964.75 to $375.5 during February, and March.
Based upon to the price in Mareeba (suburbs), this has fallen considerably in the last 6 months. The price in October is $614,833, rising in November till $658,000. During the following two months (December, January) the average price had a considerable reduction of 59 % 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 $505,016.5 to $396,603.5, which means a 79 % fall.
