The prices in real estate in New Auckland, in the Queensland region have remained the same in the last couple of months. The real estate prices for second hand homes have remained in this city.
The price per m² in New Auckland has remained the same in the last 6 months. In October, the average price per m² was $348. In November this price pretty much remained the same at a value of $333 per m². In the following two months the price per m² has increased 114 %, going from $340.5 to $388 per m². The price per m² has had a considerable deflation of 82 % 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 $364.25 to $297 during February, and March.
Based upon to the price in New Auckland (suburbs), these have remained the same in the last 6 months. In our first sample month during October, the average price is $295,781. In November This price remains at $287,441. During the following two months (December, January) the average price had a considerable increase of 127 % 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 $330,725 to $243,500, which means a 74 % fall.