The prices in real estate in Queenscliff, in the Victoria region have had a minor fall in the last couple of months. The real estate prices for second hand homes have fallen in this city
The price per m² in Queenscliff has fallen in the last 6 months. In October, the average price per m² was $1,677. In November this price pretty much remained the same at a value of $1,677 per m². In the following two months the price per m² has barely changed, going from $1,677 to $1,685.5 per m². The price per m² has had a considerable deflation of 84 % 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 $1,681.25 to $1,404 during February, and March.
Based upon to the price in Queenscliff (suburbs), this has gone downing the last 6 months. In our first sample month during October, the average price is $1,531,909. In November This price remains at $1,560,118. During the following two months (December, January) the average price fell 85 % 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 $1,432,672.75 to $1,186,272.5, which means a 83 % fall.