The prices in real estate in Kewdale, 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 Kewdale has increased strongly during the last 6 months. In October, the average price per m² was $406. In the following month the price per m² decreased to $364. The price for the following two months in (December, January) had a considerable increment of 399 %. The price per m² has had a considerable increase of 187 % 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 $961 to $1,798.5 during February, and March.
Based upon to the price in Kewdale (suburbs), this has gone up considerably in the last 6 months. In our first sample month during October, the average price is $300,033. In November This price remains at $299,765. During the following two months (December, January) the average price had a considerable increase of 138 % with regard to the previous two months. During the last two months, the average price has reduced with regard to the previous ones. To be precise it has gone down 88 %, going from $357,037.5 to $315,250 in February and March.