Property prices for sale in Newnham (Tasmania)
The prices in real estate in Newnham, in the Tasmania 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 Newnham has had a strong decrease during the last 6 months. In October, the average price per m² was $1,248. In the following month the price per m² decreased considerably to $1,055. The price for the following two months in (December, January) decreased 86 % with regard to the prior two months. 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 $1,071.25 to $882.5 during February, and March.
Based upon to the price in Newnham (suburbs), these have remained the same in the last 6 months. The average price for October is $484,882. During November the price had a slight fall till $446,499. During the following two months (December, January) the price has had an average incrementation from $465,690.5 to $509,729.5. Based on an analysis of the first four prices and the last two months the average price has gone up 109 % during the last two months.
