The prices in real estate in East Bunbury, 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 East Bunbury has increased strongly during the last 6 months. In October, the average price per m² was $671. In the following month the price per m² decreased to $596. The price for the following two months in (December, January) had a considerable increment of 213 %. The price per m² has had a considerable deflation of 72 % 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 $992.5 to $717.5 during February, and March.
Based upon to the price in East Bunbury (suburbs), this has gone downing the last 6 months. In our first sample month during October, the average price is $425,129. In November This price remains at $427,309. During the following two months (December, January) the average price had a considerable increase of 117 % 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 $463,282.25 to $221,300, which means a 48 % fall.