The prices in real estate in Westbury, in the Tasmania 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 Westbury has had a strong decrease during the last 6 months. In October, the average price per m² was $549. In the following month the price per m² decreased considerably to $416. The price for the following two months in (December, January) had a considerable decrease of 66 with regard to the prior two months. The price per m² has had a considerable deflation of 83 % 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 $400.5 to $330.5 during February, and March.
Based upon to the price in Westbury (suburbs), this has gone up in the last 6 months. The average price for October is $554,182. During November the price had a slight fall till $502,859. During the following two months (December, January) the price has had an average incrementation from $528,520.5 to $571,913. Based on an analysis of the first four prices and the last two months the average price has risen strongly 116 % during the last two months.