Property prices for sale in Taroona (Tasmania)
The prices in real estate in Taroona, in the Tasmania 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 Taroona has had a strong decrease during the last 6 months. In November, the average price per m² was $5,477. In the following month the price per m² decreased to $4,733. The price for the following two months in (January, February) decreased 85 % with regard to the prior two months. The price per m² has had a considerable deflation of 37 % 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 $4,730.5 to $1,757 during March, and April.
Based upon to the price in Taroona (suburbs), this has fallen considerably in the last 6 months. In our first sample month during November, the average price is $907,500. In December This price remains at $874,857. In the following two months the average price has remained the same with regard to the previous two months from $891,178.5 to $911,150. During the last two months the average price has had a strong fall compared to the previous four going from $901,164.25 to $493,437.5, which means a 55 % fall.
