Property prices for sale in Penguin (Tasmania)
The prices in real estate in Penguin, 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 Penguin has had a strong decrease during the last 6 months. In October, the average price per m² was $14,493. In the following month the price per m² decreased considerably to $672. The price for the following two months in (December, January) had a considerable decrease of 6 with regard to the prior two months. The price per m² has had a considerable deflation of 75 % 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 $4,006 to $3,012.5 during February, and March.
Based upon to the price in Penguin (suburbs), this has fallen considerably in the last 6 months. The average price for October is $626,200. During November the price had a slight fall till $544,842. During the following two months (December, January) the average price had a considerable reduction of 73 % with regard to the previous two months. During the last two months, the average price has pretty much remained the same with regard to the previous average values going from an average value of $507,891.5 and $492,995 between February and March.
