The prices in real estate in Tallong, in the New South Wales region have had a strong rise in the last couple of months. The real estate prices for second hand homes have gone through a strong increase in this city.
The price per m² in Tallong has increased strongly during the last 6 months. In November, the average price per m² was $649. In the following month the price per m² decreased to $597. The price for the following two months in (January, February) had a considerable increment of 1942 %. The price per m² has had a considerable increase of 1419 % 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 $6,360.75 to $90,273.5 during March, and April.
Based upon to the price in Tallong (suburbs), this has fallen considerably in the last 6 months. The average price for November is $898,529. During December the price had a slight fall till $800,286. During the following two months (January, February) the average price had a considerable reduction of 62 % 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 $687,203.75 to $478,000, which means a 70 % fall.