The prices in real estate in Lower Chittering, 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 Lower Chittering has increased strongly during the last 6 months. In November, the average price per m² was $10,893. In the following month the price per m² decreased considerably to $581. The price for the following two months in (January, February) had a considerable increment of 1125 %. The price per m² has had a considerable deflation of 1 % 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 $35,134.75 to $316 during March, and April.
Based upon to the price in Lower Chittering (suburbs), these have remained the same in the last 6 months. The average price for November is $508,740. During December the price had a slight fall till $481,173. During the following two months (January, February) the average price had a considerable increase of 141 % 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 $596,581.25 to $372,624, which means a 62 % fall.