The prices in real estate in Ashton, in the Oroua County 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 Ashton has had a strong decrease during the last 6 months. In October, the average price per m² was $1,198. In the following month the price per m² decreased considerably to $538. The price for the following two months in (December, January) had a considerable decrease of 43 with regard to the prior two months. The price per m² has had a considerable deflation of 53 % 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 $618.5 to $327 during February, and March.
Based upon to the price in Ashton (suburbs), this has fallen considerably in the last 6 months. The average price for October is $1,080,333. During November the price had a considerable reduction till $551,676. During the following two months (December, January) the average price had a considerable reduction of 62 % 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 $661,281.25 to $361,323, which means a 55 % fall.