The prices in real estate in Tullah, in the Tasmania 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 Tullah has increased strongly during the last 6 months. In November, the average price per m² was $326. In December this price pretty much remained the same at a value of $325 per m². The price for the following two months in (January, February) had a considerable increment of 1091 %. The price per m² has had a considerable deflation of 8 % 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 $1,938.5 to $163 during March, and April.
Based upon to the price in Tullah (suburbs), this has gone downing the last 6 months. The average price during our first sample month during November, is $325,000. During December the price went through a considerable rise reaching $379,000. During the following two months (January, February) the average price fell 92 % 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 $337,500 to $184,833.5, which means a 55 % fall.