The prices in real estate in Parklands, 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 Parklands has had a strong decrease during the last 6 months. In October, the average price per m² was $691. In the following month the price per m² decreased to $650. 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 52 % 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 $651.75 to $342 during February, and March.
Based upon to the price in Parklands (suburbs), this has gone downing the last 6 months. In our first sample month during October, the average price is $499,824. In November This price remains at $481,688. During the following two months (December, January) the average price had a considerable increase of 118 % 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 $534,110 to $280,700, which means a 53 % fall.