The prices in real estate in Mandurah, 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 Mandurah has increased strongly during the last 6 months. In November, the average price per m² was $668. In December this price pretty much remained the same at a value of $644 per m². The price for the following two months in (January, February) had a considerable increment of 197 %. The price per m² has increased 112 % 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 $975.5 to $1,095 during March, and April.
Based upon to the price in Mandurah (suburbs), this has gone up in the last 6 months. In our first sample month during November, the average price is $459,439. In December This price remains at $463,428. During the following two months (January, February) the price has had an average incrementation from $461,433.5 to $505,146. During the last two months, the average price has pretty much remained the same with regard to the previous average values going from an average value of $483,289.75 and $471,305 between March and April.
The graph displaying the average price for bedrooms illustrates that those properties with 2 bedrooms are the cheapest ones. At a price of $485,702 they are 40 % more affordable than the average price for Mandurah. The properties with the lowest average price have 4 bedrooms, Their price is 18 % cheaper than the average. After that we have properties with 1 bedroom priced at $381,591.
With regard to the average price per m² , those properties with 4 bedrooms are the cheapest ones at a cost of $675 / m², with an average $1,587 / m² price in Mandurah. The properties with the highest average prices have 1 bedroom. They are 12109 % more expensive than the average followed by properties with 2 bedrooms with a price at $100,595 / m².
The graph displaying the average prices displays the property type "Land" as the most affordable one. At an cost of $485,702 it is 63 % cheaper than the average price in Mandurah. "Apartment" is seen as the second most affordable property type. The cheapest type property is "House" followed by "House And Land". At a price of $324,661 it is 29 % more affordable than the average price.
According to the average cost per m², the cheapest property type is "Land" at an average cost of $305 / m² followed by "House" priced at $672 / m². "Apartment" is the most costly type of property with a $1,645 / m² cost followed by "House And Land" with an average price of $901 / m².