Property prices for sale in Newham (Victoria)
The prices in real estate in Newham, 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 Newham has had a strong decrease during the last 6 months. In October, the average price per m² was $968. In November this price pretty much remained the same at a value of $960 per m². The price for the following two months in (December, January) decreased 95 % with regard to the prior two months. The price per m² has had a considerable deflation of 58 % 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 $939 to $545.5 during February, and March.
Based upon to the price in Newham (suburbs), this has fallen considerably in the last 6 months. In our first sample month during October, the average price is $885,146. In November This price remains at $878,805. During the following two months (December, January) the average price fell 93 % 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 $852,514 to $545,930.5, which means a 64 % fall.
