The prices in real estate in Greenfields, 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 Greenfields has increased strongly during the last 6 months. In November, the average price per m² was $437. In December this price pretty much remained the same at a value of $433 per m². The price for the following two months in (January, February) had a considerable increment of 121 %. The price per m² has had a considerable increase of 117 % 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 $479.75 to $562.5 during March, and April.
Based upon to the price in Greenfields (suburbs), this has gone up considerably in the last 6 months. The price in November is $383,529, rising in December till $428,882. During the following two months (January, February) the average price had a considerable increase of 145 % 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 $497,096.5 to $350,611, which means a 71 % fall.