Property prices for sale in New Norfolk (Tasmania)

The price per m² in New Norfolk has fallen in the last 6 months. In October, the average price per m² was $1,496. In the following month the price per m² increased considerably to $1,946. In the following two months the price per m² has barely changed, going from $1,721 to $1,801.5 per m². 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 $1,761.25 to $679 during February, and March.

Based upon to the price in New Norfolk (suburbs), this has fallen considerably in the last 6 months. In our first sample month during October, the average price is $475,929. In November This price remains at $471,457. In the following two months the average price has remained the same with regard to the previous two months from $473,693 to $476,275.5. During the last two months the average price has had a strong fall compared to the previous four going from $474,984.25 to $242,937.5, which means a 51 % fall.