The prices in real estate in Britannia Heights, in the Nelson Bays region have had a minor fall in the last couple of months. The real estate prices for second hand homes have fallen in this city
The price per m² in Britannia Heights has fallen in the last 6 months. In November, the average price per m² was $6,203. In the following month the price per m² increased to $6,924. In the following two months the price per m² has increased 111 %, going from $6,563.5 to $7,272 per m². The price per m² has had a considerable deflation of 50 % 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 $6,917.75 to $3,468.5 during March, and April.
Based upon to the price in Britannia Heights (suburbs), this has fallen considerably in the last 6 months. The average price during our first sample month during November, is $1,671,125. During December the price went through a considerable rise reaching $1,977,800. During the following two months (January, February) the average price had a considerable reduction of 67 % 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 $1,520,564.5 to $765,200, which means a 50 % fall.