Property prices for sale in Gingin (Western Australia)
The prices in real estate in Gingin, 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 Gingin has had a strong decrease during the last 6 months. In October, the average price per m² was $397. In November this price pretty much remained the same at a value of $393 per m². In the following two months the price per m² has barely changed, going from $395 to $382 per m². The price per m² has had a considerable deflation of 34 % 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 $388.5 to $131.5 during February, and March.
Based upon to the price in Gingin (suburbs), this has fallen considerably in the last 6 months. In our first sample month during October, the average price is $383,446. In November This price remains at $392,825. During the following two months (December, January) the price has had an average incrementation from $388,135.5 to $414,377.5. During the last two months the average price has had a strong fall compared to the previous four going from $401,256.5 to $151,000, which means a 38 % fall.
