Property prices for sale in Margaret River (Western Australia)
The prices in real estate in Margaret River, 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 Margaret River has increased strongly during the last 6 months. In November, the average price per m² was $337. In the following month the price per m² increased to $383. The price for the following two months in (January, February) had a considerable increment of 293 %. The price per m² has had a considerable increase of 165 % 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 $707.75 to $1,170.5 during March, and April.
Based upon to the price in Margaret River (suburbs), this has gone up considerably in the last 6 months. In our first sample month during November, the average price is $472,800. In December This price remains at $490,429. During the following two months (January, February) the average price had a considerable increase of 134 % with regard to the previous two months. Based on an analysis of the first four prices and the last two months the average price has risen strongly 133 % during the last two months.
The graph displaying the average price for bedrooms illustrates that those properties with 1 bedroom are the cheapest ones. At a price of $666,419 they are 61 % more affordable than the average price for Margaret River. The properties with the lowest average price have 3 bedrooms, Their price is 5 % cheaper than the average. After that we have properties with 4 bedrooms priced at $539,317.
With regard to the average price per m² , those properties with 4 bedrooms are the cheapest ones at a cost of $500 / m², with an average $1,847 / m² price in Margaret River. The properties with the lowest average prices have 2 bedrooms. They are 54 % cheaper than the average followed by properties with 1 bedroom with a price at $772 / m².
The graph displaying the average prices displays the property type "Land" as the most affordable one. At an cost of $666,419 it is 45 % cheaper than the average price in Margaret River. "House" is seen as the second most affordable property type. The cheapest type property is "House" followed by "Land". At a price of $366,813 it is 21 % more affordable than the average price.
According to the average cost per m², the cheapest property type is "House" at an average cost of $389 / m² followed by "Land" priced at $478 / m². "Land" is the cheapest type of property with a $478 / m² value followed by "House" with an average price of $389 / m².
