Property prices for sale in Midland (Western Australia)
The prices in real estate in Midland, 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 Midland has increased strongly during the last 6 months. In October, the average price per m² was $425. In November this price pretty much remained the same at a value of $409 per m². The price for the following two months in (December, January) had a considerable increment of 119 %. The price per m² has had a considerable increase of 215 % 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 $457 to $983.5 during February, and March.
Based upon to the price in Midland (suburbs), these have remained the same in the last 6 months. In our first sample month during October, the average price is $429,009. In November This price remains at $423,375. In the following two months the average price has remained the same with regard to the previous two months from $426,192 to $413,204.5. Based on an analysis of the first four prices and the last two months the average price has gone up 105 % 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 $443,957 they are 56 % more affordable than the average price for Midland. The properties with the lowest average price have 3 bedrooms, Their price is 26 % cheaper than the average. After that we have properties with 4 bedrooms priced at $322,469.
With regard to the average price per m² , those properties with 3 bedrooms are the most costly ones at a cost of $848 / m², with an average $384 / m² price in Midland. The properties with the highest average prices have 2 bedrooms. They are 294 % more expensive than the average followed by properties with 4 bedrooms with a price at $1,500 / m².
The graph displaying the average prices displays the property type "Villa" as the most affordable one. At an cost of $443,957 it is 28 % cheaper than the average price in Midland. "House" is seen as the second most affordable property type. The cheapest type property is "House" followed by "Villa". At a price of $321,501 it is 27 % more affordable than the average price.
According to the average cost per m², the most expensive property type would be "Villa" at an average cost of $1,494 / m² followed by "House" priced at $1,500 / m². "House" is the most costly type of property with a $1,500 / m² cost followed by "Villa" with an average price of $1,494 / m².
