Property prices for sale in Tumut (New South Wales)
The prices in real estate in Tumut, in the New South Wales 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 Tumut has had a strong decrease during the last 6 months. In November, the average price per m² was $8,554. In the following month the price per m² decreased considerably to $2,086. The price for the following two months in (January, February) had a considerable decrease of 41 with regard to the prior two months. The price per m² has had a considerable deflation of 18 % 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 $3,742.75 to $677.5 during March, and April.
Based upon to the price in Tumut (suburbs), this has fallen considerably in the last 6 months. The average price for November is $739,125. During December the price had a considerable reduction till $561,167. In the following two months the average price has remained the same with regard to the previous two months from $650,146 to $648,624.5. During the last two months the average price has had a strong fall compared to the previous four going from $649,385.25 to $248,095, which means a 38 % fall.
