The prices in real estate in Southbank, in the Victoria 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 Southbank has had a strong decrease during the last 6 months. In February, the average price per m² was $7,544. In the following month the price per m² decreased considerably to . The price for the following two months in (April, May) had a considerable increment of 208 %. The price per m² has barely changed in the last two months compared to the average price of the previous four months going from an average price of $5,810 to $5,729.5 during June y July
Based upon to the price in Southbank (suburbs), this has gone downing the last 6 months. The average price for February is $577,761. During March the price had a considerable reduction till . During the following two months (April, May) the average price had a considerable increase of 204 % with regard to the previous two months. Based on an analysis of the first four prices and the last two months the average price has risen strongly 146 % during the last two months.