Property prices for sale in Redbank (Queensland)

The price per m² in Redbank has had a strong decrease during the last 6 months. In October, the average price per m² was $505. In November this price pretty much remained the same at a value of $510 per m². The price for the following two months in (December, January) had a considerable decrease of 85 with regard to the prior two months. The price per m² has had a considerable deflation of 63 % 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 $468.75 to $295 during February, and March.

Based upon to the price in Redbank (suburbs), this has fallen considerably in the last 6 months. In our first sample month during October, the average price is $612,169. In November This price remains at $616,687. During the following two months (December, January) the average price had a considerable reduction of 84 % 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 $563,775.25 to $337,664, which means a 60 % fall.