The prices in real estate in Greenhills, 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 Greenhills has had a strong decrease during the last 6 months. In October, the average price per m² was $550. In November this price pretty much remained the same at a value of $552 per m². In the following two months the price per m² has barely changed, going from $551 to $553.5 per m². The price per m² has had a considerable deflation of 0 % 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 $552.25 to during February, and March.
Based upon to the price in Greenhills (suburbs), this has fallen considerably in the last 6 months. In our first sample month during October, the average price is $568,003. In November This price remains at $570,260. In the following two months the average price has remained the same with regard to the previous two months from $569,131.5 to $574,460.5. During the last two months the average price has had a strong fall compared to the previous four going from $571,796 to , which means a 0 % fall.