The prices in real estate in Tharwa, in the Australian Capital Territory 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 Tharwa has had a strong decrease during the last 6 months. In November, the average price per m² was $1,285. In the following month the price per m² decreased considerably to $699. The price for the following two months in (January, February) had a considerable decrease of 67 with regard to the prior two months. The price per m² has had a considerable increase of 120 % 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 $828.75 to $992 during March, and April.
Based upon to the price in Tharwa (suburbs), these have remained the same in the last 6 months. In our first sample month during November, the average price is $690,889. In December This price remains at $673,588. In the following two months the average price has remained the same with regard to the previous two months from $682,238.5 to $668,373. During the last two months, the average price has pretty much remained the same with regard to the previous average values going from an average value of $675,305.75 and $692,459.5 between March and April.
The graph displaying the average price for bedrooms illustrates that those properties with 2 bedrooms are the cheapest ones. At a price of $690,198 they are 45 % more affordable than the average price for Tharwa. The properties with the highest average price have 4 bedrooms, Their price is 45 % more costly than the average. After that we have properties with 3 bedrooms priced at $513,518.
With regard to the average price per m² , those properties with 3 bedrooms are the cheapest ones at a cost of $608 / m², with an average $1,283 / m² price in Tharwa. The properties with the highest average prices have 1 bedroom. They are 20 % more expensive than the average followed by properties with 4 bedrooms with a price at $904 / m².
The graph displaying the average prices displays the property type "Apartment" as the most affordable one. At an cost of $690,198 it is 51 % cheaper than the average price in Tharwa. "House" is seen as the second most affordable property type. The dearest property type is "House" followed by "Apartment". At a price of $335,232 it is 25 % more expensive than the average price.
According to the average cost per m², the cheapest property type is "Apartment" at an average cost of $667 / m² followed by "House" priced at $720 / m². "House" is the cheapest type of property with a $720 / m² value followed by "Apartment" with an average price of $667 / m².