Property prices for sale in Nicholls Rivulet (Tasmania)
The prices in real estate in Nicholls Rivulet, 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 Nicholls Rivulet has had a strong decrease during the last 6 months. In October, the average price per m² was $737. In November this price pretty much remained the same at a value of $737 per m². The price for the following two months in (December, January) decreased 94 % with regard to the prior two months. The price per m² has had a considerable deflation of 60 % 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 $715 to $431 during February, and March.
Based upon to the price in Nicholls Rivulet (suburbs), this has fallen considerably in the last 6 months. In our first sample month during October, the average price is $822,200. In November This price remains at $822,200. During the following two months (December, January) the average price had a considerable reduction of 69 % 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 $695,761 to $376,845, which means a 54 % fall.
