The prices in real estate in Duncraig, in the Western Australia 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 Duncraig has had a strong decrease during the last 6 months. In November, the average price per m² was $411. In the following month the price per m² decreased considerably to $130. The price for the following two months in (January, February) had a considerable increment of 159 %. The price per m² has had a considerable deflation of 76 % 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 $350 to $265 during March, and April.
Based upon to the price in Duncraig (suburbs), this has fallen considerably in the last 6 months. The average price for November is $367,412. During December the price had a considerable reduction till $107,545. During the following two months (January, February) the average price had a considerable increase of 119 % 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 85 %, going from $260,279.25 to $221,712.5 in March and April.