The prices in real estate in Merredin, 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 Merredin has increased strongly during the last 6 months. In October, the average price per m² was $259. In the following month the price per m² decreased to $224. The price for the following two months in (December, January) had a considerable increment of 163 %. The price per m² has barely changed in the last two months compared to the average price of the previous four months going from an average price of $318 to $332.5 during February y March
Based upon to the price in Merredin (suburbs), this has fallen considerably in the last 6 months. In our first sample month during October, the average price is $215,093. In November This price remains at $212,480. In the following two months the average price has remained the same with regard to the previous two months from $213,786.5 to $208,666.5. During the last two months the average price has had a strong fall compared to the previous four going from $211,226.5 to $122,545.5, which means a 58 % fall.