Property prices for sale in Molloy Island (Western Australia)

The price per m² in Molloy Island has had a strong decrease during the last 6 months. In November, the average price per m² was $289. In the following month the price per m² increased to $310. The price for the following two months in (January, February) had a considerable decrease of 81 with regard to the prior two months. The price per m² has had a considerable deflation of 57 % 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 $271.75 to $154.5 during March, and April.

Based upon to the price in Molloy Island (suburbs), this has fallen considerably in the last 6 months. In our first sample month during November, the average price is $458,200. In December This price remains at $457,700. In the following two months the average price has remained the same with regard to the previous two months from $457,950 to $460,579. During the last two months the average price has had a strong fall compared to the previous four going from $459,264.5 to $272,863.5, which means a 59 % fall.