The prices in real estate in Gidgegannup, 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 Gidgegannup has increased strongly during the last 6 months. In November, the average price per m² was $31,591. In the following month the price per m² decreased to $28,991. The price for the following two months in (January, February) had a considerable increment of 172 %. The price per m² has had a considerable increase of 183 % 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 $41,239.5 to $75,378 during March, and April.
Based upon to the price in Gidgegannup (suburbs), this has gone downing the last 6 months. In our first sample month during November, the average price is $884,545. In December This price remains at $916,286. In the following two months the average price has remained the same with regard to the previous two months from $900,415.5 to $893,445. During the last two months the average price has had a strong fall compared to the previous four going from $896,930.25 to $570,062.5, which means a 64 % fall.