The prices in real estate in St Albans Park, 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 St Albans Park has had a strong decrease during the last 6 months. In November, the average price per m² was $614. In December this price pretty much remained the same at a value of $614 per m². In the following two months the price per m² has increased 107 %, going from $614 to $659 per m². The price per m² has had a considerable deflation of 49 % 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 $636.5 to $314.5 during March, and April.
Based upon to the price in St Albans Park (suburbs), this has fallen considerably in the last 6 months. In our first sample month during November, the average price is $540,448. In December This price remains at $540,448. In the following two months the average price has remained the same with regard to the previous two months from $540,448 to $532,667. During the last two months the average price has had a strong fall compared to the previous four going from $536,557.5 to $249,750, which means a 47 % fall.