The prices in real estate in Balga, in the Western Australia region have had a strong rise in the last couple of months. The real estate prices for second hand homes have gone through a strong increase in this city.
The price per m² in Balga has increased strongly during the last 6 months. In October, the average price per m² was $403. In the following month the price per m² decreased considerably to $309. The price for the following two months in (December, January) had a considerable increment of 226 %. The price per m² has had a considerable increase of 135 % 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 $580 to $785 during February, and March.
Based upon to the price in Balga (suburbs), this has gone up in the last 6 months. The average price for October is $238,495. During November the price had a slight fall till $224,709. During the following two months (December, January) the average price had a considerable increase of 122 % with regard to the previous two months. During the last two months, the average price has reduced with regard to the previous ones. To be precise it has gone down 95 %, going from $257,404.25 to $244,464.5 in February and March.