Property prices for sale in Maddington (Western Australia)
The prices in real estate in Maddington, 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 Maddington has increased strongly during the last 6 months. In October, the average price per m² was $422. In the following month the price per m² increased considerably to $831. The price for the following two months in (December, January) decreased 85 % with regard to the prior two months. The price per m² has had a considerable deflation of 54 % 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 $580.25 to $316 during February, and March.
Based upon to the price in Maddington (suburbs), this has gone downing the last 6 months. The average price during our first sample month during October, is $348,286. During November the price went through a considerable rise reaching $436,800. During the following two months (December, January) the average price fell 92 % 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 $377,250.5 to $237,284, which means a 63 % fall.
