The prices in real estate in Mernda, 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 Mernda has had a strong decrease during the last 6 months. In September, the average price per m² was $313. In October this price pretty much remained the same at a value of $312 per m². In the following two months the price per m² has increased 112 %, going from $312.5 to $351.5 per m². The price per m² has had a considerable deflation of 0 % 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 $332 to during January, and February.
Based upon to the price in Mernda (suburbs), this has fallen considerably in the last 6 months. In our first sample month during September, the average price is $366,529. In October This price remains at $383,211. In the following two months the average price has remained the same with regard to the previous two months from $374,870 to $390,164.5. During the last two months the average price has had a strong fall compared to the previous four going from $382,517.25 to , which means a 0 % fall.