The prices in real estate in Lower King, in the Western Australia region have remained the same in the last couple of months. The real estate prices for second hand homes have remained in this city.
The price per m² in Lower King has remained the same in the last 6 months. In October, the average price per m² was $333. In the following month the price per m² increased considerably to $426. In the following two months the price per m² has increased 108 %, going from $379.5 to $409.5 per m². The price per m² has had a considerable deflation of 53 % 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 $394.5 to $210.5 during February, and March.
Based upon to the price in Lower King (suburbs), these have remained the same in the last 6 months. The average price during our first sample month during October, is $478,143. During November the price went through a considerable rise reaching $598,857. During the following two months (December, January) the price has had an average incrementation from $538,500 to $585,387.5. During the last two months the average price has had a strong fall compared to the previous four going from $561,943.75 to $296,389, which means a 53 % fall.