The prices in real estate in Tully, in the Queensland 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 Tully has had a strong decrease during the last 6 months. In October, the average price per m² was $238. In November this price pretty much remained the same at a value of $232 per m². In the following two months the price per m² has barely changed, going from $235 to $228.5 per m². The price per m² has had a considerable deflation of 61 % 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 $231.75 to $140.5 during February, and March.
Based upon to the price in Tully (suburbs), this has gone downing the last 6 months. In our first sample month during October, the average price is $241,559. In November This price remains at $246,709. During the following two months (December, January) the price has had an average incrementation from $244,134 to $259,039.5. During the last two months the average price has had a strong fall compared to the previous four going from $251,586.75 to $148,444.5, which means a 59 % fall.