The prices in real estate in Millbridge, in the Western Australia region have had a minor fall in the last couple of months. The real estate prices for second hand homes have fallen in this city
The price per m² in Millbridge has fallen in the last 6 months. In October, the average price per m² was $938. In November this price pretty much remained the same at a value of $951 per m². The price for the following two months in (December, January) had a considerable increment of 117 %. The price per m² has had a considerable deflation of 52 % 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 $1,025 to $531 during February, and March.
Based upon to the price in Millbridge (suburbs), this has gone downing the last 6 months. In our first sample month during October, the average price is $578,713. In November This price remains at $581,374. In the following two months the average price has remained the same with regard to the previous two months from $580,043.5 to $600,583. During the last two months the average price has had a strong fall compared to the previous four going from $590,313.25 to $349,200, which means a 59 % fall.