The prices in real estate in Merimbula, 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 Merimbula has had a strong decrease during the last 6 months. In February, the average price per m² was $275. 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 148 %. The price per m² has had a considerable deflation of 66 % 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 $170.75 to $112 during June, and July.
Based upon to the price in Merimbula (suburbs), this has fallen considerably in the last 6 months. The average price for February is $698,928. During March the price had a considerable reduction till . During the following two months (April, May) the price has had an average incrementation from $349,464 to $391,188. During the last two months the average price has had a strong fall compared to the previous four going from $370,326 to $287,812.5, which means a 78 % fall.