The prices in real estate in Wamberal, 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 Wamberal has had a strong decrease during the last 6 months. In January, the average price per m² was $2,144. In the following month the price per m² increased considerably to $2,689. The price for the following two months in (March, April) had a considerable decrease of 69 with regard to the prior two months. The price per m² has had a considerable deflation of 38 % 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 $2,047.25 to $775 during May, and June.
Based upon to the price in Wamberal (suburbs), this has fallen considerably in the last 6 months. The average price during our first sample month during January, is $1,211,875. During February the price went through a considerable rise reaching $1,544,000. During the following two months (March, April) the average price had a considerable reduction of 78 % 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 $1,225,882.5 to $525,100, which means a 43 % fall.