The prices in real estate in Numurkah, in the Victoria region have had a minor rise in the last couple of months. The real estate prices for second hand homes have risen in this city.
The price per m² in Numurkah has increased during the last 6 months. In November, the average price per m² was $425. In December this price pretty much remained the same at a value of $437 per m². The price for the following two months in (January, February) had a considerable increment of 147 %. The price per m² has had a considerable deflation of 50 % 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 $532 to $266 during March, and April.
Based upon to the price in Numurkah (suburbs), this has gone downing the last 6 months. In our first sample month during November, the average price is $341,004. In December This price remains at $352,754. During the following two months (January, February) the average price had a considerable increase of 125 % 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 $390,002 to $199,583.5, which means a 51 % fall.