The prices in real estate in Stepneyville, in the Nelson Bays 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 Stepneyville has had a strong decrease during the last 6 months. In November, the average price per m² was $9,276. In the following month the price per m² decreased to $8,713. The price for the following two months in (January, February) decreased 92 % 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 $8,644.75 to $4,587.5 during March, and April.
Based upon to the price in Stepneyville (suburbs), this has gone downing the last 6 months. The average price for November is $1,455,750. During December the price had a slight fall till $1,347,000. During the following two months (January, February) the average price had a considerable increase of 132 % 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 $1,628,587.5 to $686,400, which means a 42 % fall.