Property prices for sale in Park Orchards (Victoria)

The price per m² in Park Orchards has had a strong decrease during the last 6 months. In November, the average price per m² was $442. In the following month the price per m² increased considerably to $737. The price for the following two months in (January, February) had a considerable decrease of 18 with regard to the prior two months. The price per m² has had a considerable deflation of 3 % 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 $348.25 to $9 during March, and April.

Based upon to the price in Park Orchards (suburbs), this has fallen considerably in the last 6 months. The average price during our first sample month during November, is $717,402. During December the price went through a considerable rise reaching $1,006,630. During the following two months (January, February) the average price had a considerable reduction of 31 % 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 $562,841.25 to $33,336.5, which means a 6 % fall.