The prices in real estate in Parramatta, 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 Parramatta has had a strong decrease during the last 6 months. In September, the average price per m² was $3,974. In the following month the price per m² decreased to $3,582. The price for the following two months in (November, December) had a considerable decrease of 80 with regard to the prior two months. The price per m² has decreased 90 % 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 $3,400.5 to $3,047 during January, and February.
Based upon to the price in Parramatta (suburbs), these have remained the same in the last 6 months. The average price for September is $739,739. During October the price had a slight fall till $696,487. In the following two months the average price has remained the same with regard to the previous two months from $718,113 to $696,331. Based on an analysis of the first four prices and the last two months the average price has gone up 114 % during the last two months.
The graph showing the average price for bedrooms displays the property with the most expensive price has 3 bedrooms. It is 11 % more costly than the average price of $941,405 in Parramatta. Based on the bedrooms values, properties with the highest prices are those with 3 bedrooms. They are 11 % more expensive than the average aforementioned.
With regard to the average prices per m² those properties with 3 bedrooms are 13 % cheaper than the average price of ($2,735 / m²) in Parramatta. Properties with the most affordable price based upon to the number of bedrooms / m² are those with 3 bedrooms. They are 13 % cheaper than the average value aforementioned.
With regard to the average price based upon the property in Parramatta we can see that most expensive property type is "House" at a price of $870,445, they are 2 % more costly than the average price of (!PRECIO2!). "House" has the highest price. This price is 2 % more expensive than the average price aforementioned.
According to the average area cost by m² the cheapest property type is "House with an average price of $1,783 / m². "House" with an average cost of $1,783 / m² has the lowest price and would be directed at less affluent cities.