The prices in real estate in South Hillend, 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 South Hillend has had a strong decrease during the last 6 months. In November, the average price per m² was $560. In the following month the price per m² decreased considerably to $373. The price for the following two months in (January, February) decreased 88 % with regard to the prior two months. The price per m² has had a considerable increase of 133 % 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 $439 to $585.5 during March, and April.
Based upon to the price in South Hillend (suburbs), these have remained the same in the last 6 months. In our first sample month during November, the average price is $551,526. In December This price remains at $555,367. During the following two months (January, February) the average price had a considerable reduction of 80 % with regard to the previous two months. Based on an analysis of the first four prices and the last two months the average price has risen strongly 146 % during the last two months.