The prices in real estate in Joondalup Dc, 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 Joondalup Dc has had a strong decrease during the last 6 months. In October, the average price per m² was $1,645. In the following month the price per m² decreased considerably to $1,284. The price for the following two months in (December, January) had a considerable decrease of 61 with regard to the prior two months. The price per m² has had a considerable deflation of 12 % 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 $1,176.5 to $142.5 during February, and March.
Based upon to the price in Joondalup Dc (suburbs), this has fallen considerably in the last 6 months. In our first sample month during October, the average price is $397,357. In November This price remains at $404,067. During the following two months (December, January) the average price had a considerable reduction of 85 % 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 $370,019 to $126,092.5, which means a 34 % fall.
The graph displaying the average price for bedrooms illustrates that those properties with 1 bedroom are the cheapest ones. At a price of $106,136 they are 91 % more affordable than the average price for Joondalup Dc. The properties with the highest average price have 4 bedrooms, Their price is 14 % more costly than the average. After that we have properties with 3 bedrooms priced at $103,143.
With regard to the average price per m² , those properties with 1 bedroom are the cheapest ones at a cost of $30 / m², with an average $110 / m² price in Joondalup Dc. The properties with the highest average prices have 2 bedrooms. They are 24 % more expensive than the average followed by properties with 3 bedrooms with a price at $117 / m².
The graph displaying the average prices displays the property type "Condo" as the most affordable one. At an cost of $106,136 it is 33 % cheaper than the average price in Joondalup Dc. "House" is seen as the second most affordable property type. The dearest property type is "House" followed by "Condo". At a price of $71,000 it is 16 % more expensive than the average price.
According to the average cost per m², the cheapest property type is "Condo" at an average cost of $94 / m² followed by "House" priced at $108 / m². "House" is the cheapest type of property with a $108 / m² value followed by "Condo" with an average price of $94 / m².