Property prices for sale in Mitchelton (Queensland)
The prices in real estate in Mitchelton, 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 Mitchelton has had a strong decrease during the last 6 months. In October, the average price per m² was $908. In November this price pretty much remained the same at a value of $907 per m². The price for the following two months in (December, January) decreased 91 % with regard to the prior two months. The price per m² has had a considerable deflation of 53 % 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 $866.75 to $458 during February, and March.
Based upon to the price in Mitchelton (suburbs), these have remained the same in the last 6 months. In our first sample month during October, the average price is $499,667. In November This price remains at $499,167. During the following two months (December, January) the average price had a considerable increase of 116 % 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 $539,671 to $408,771, which means a 76 % fall.
