Property prices for sale in Officer South (Victoria)

The price per m² in Officer South has had a strong decrease during the last 6 months. In November, the average price per m² was $2,081. In the following month the price per m² increased to $2,316. In the following two months the price per m² has barely changed, going from $2,198.5 to $2,161.5 per m². The price per m² has had a considerable deflation of 44 % 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 $2,180 to $968.5 during March, and April.

Based upon to the price in Officer South (suburbs), this has fallen considerably in the last 6 months. In our first sample month during November, the average price is $889,975. In December This price remains at $890,507. In the following two months the average price has remained the same with regard to the previous two months from $890,241 to $871,734.5. During the last two months the average price has had a strong fall compared to the previous four going from $880,987.75 to $447,455.5, which means a 51 % fall.