The prices in real estate in Dowerin, 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 Dowerin has increased strongly during the last 6 months. In October, the average price per m² was $214. In November this price pretty much remained the same at a value of $220 per m². The price for the following two months in (December, January) had a considerable increment of 154 %. The price per m² has had a considerable deflation of 68 % 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 $275.5 to $188 during February, and March.
Based upon to the price in Dowerin (suburbs), this has gone up considerably in the last 6 months. The average price during our first sample month during October, is $182,157. During November the price went through a considerable rise reaching $253,600. During the following two months (December, January) the average price had a considerable increase of 160 % 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 $282,939.25 to $200,833.5, which means a 71 % fall.