The prices in real estate in South Burnie, in the Tasmania 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 South Burnie has fallen in the last 6 months. In November, the average price per m² was $533. In the following month the price per m² decreased to $505. The price for the following two months in (January, February) had a considerable increment of 119 %. The price per m² has had a considerable deflation of 61 % 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 $567.5 to $347.5 during March, and April.
Based upon to the price in South Burnie (suburbs), this has gone downing the last 6 months. In our first sample month during November, the average price is $402,091. In December This price remains at $404,818. During the following two months (January, February) the average price had a considerable increase of 120 % 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 $443,559.75 to $250,500, which means a 56 % fall.