Property prices for sale in Mount Nelson (Tasmania)

The price per m² in Mount Nelson has had a strong decrease during the last 6 months. In November, the average price per m² was $5,651. In the following month the price per m² decreased considerably to $3,865. The price for the following two months in (January, February) decreased 86 % 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 $4,423 to $1,744 during March, and April.

Based upon to the price in Mount Nelson (suburbs), these have remained the same in the last 6 months. The average price during our first sample month during November, is $737,500. During December the price went through a considerable rise reaching $1,177,500. In the following two months the average price has remained the same with regard to the previous two months from $957,500 to $939,439.5. During the last two months the average price has had a strong fall compared to the previous four going from $948,469.75 to $380,000, which means a 40 % fall.