Property prices for sale in Padstow (New South Wales)
The prices in real estate in Padstow, in the New South Wales 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 Padstow has had a strong decrease during the last 6 months. In November, the average price per m² was $3,204. In the following month the price per m² decreased considerably to $702. In the following two months the price per m² has barely changed, going from $1,953 to $1,876.5 per m². 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 $1,914.75 to $1,107 during March, and April.
Based upon to the price in Padstow (suburbs), this has fallen considerably in the last 6 months. The average price for November is $2,377,222. During December the price had a considerable reduction till $674,375. During the following two months (January, February) the average price fell 88 % 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 $1,437,609.25 to $815,745.5, which means a 57 % fall.
