Property prices for sale in Cable Beach (Western Australia)
The prices in real estate in Cable Beach, 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 Cable Beach has increased strongly during the last 6 months. In November, the average price per m² was $730. In December this price pretty much remained the same at a value of $698 per m². The price for the following two months in (January, February) had a considerable increment of 119 %. 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 $783.25 to $1,056 during March, and April.
Based upon to the price in Cable Beach (suburbs), this has gone downing the last 6 months. In our first sample month during November, the average price is $579,738. In December This price remains at $603,513. During the following two months (January, February) the average price fell 94 % 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 $574,922.75 to $486,737.5, which means a 85 % fall.
