The prices in real estate in Tuncurry, 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 Tuncurry has had a strong decrease during the last 6 months. In November, the average price per m² was $1,185. In December this price pretty much remained the same at a value of $1,166 per m². The price for the following two months in (January, February) decreased 92 % with regard to the prior two months. The price per m² has had a considerable deflation of 67 % 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 $1,130.75 to $759 during March, and April.
Based upon to the price in Tuncurry (suburbs), this has gone up in the last 6 months. The average price for November is $665,125. During December the price had a slight fall till $580,556. During the following two months (January, February) the average price had a considerable increase of 152 % 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 $785,581 to $519,231, which means a 66 % fall.