Property prices for sale in Morley (Western Australia)
The prices in real estate in Morley, in the Western Australia region have had a strong fall in the last couple of months. The real estate prices for second hand homes have gone through a strong fall in this city.
The price per m² in Morley has had a strong decrease during the last 6 months. In October, the average price per m² was $1,500. In the following month the price per m² decreased considerably to $1,075. The price for the following two months in (December, January) had a considerable decrease of 81 with regard to the prior two months. The price per m² has had a considerable deflation of 22 % 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 $1,164.75 to $256.5 during February, and March.
Based upon to the price in Morley (suburbs), this has fallen considerably in the last 6 months. The price in October is $495,151, rising in November till $532,825. In the following two months the average price has remained the same with regard to the previous two months from $513,988 to $535,926. During the last two months the average price has had a strong fall compared to the previous four going from $524,957 to $206,164.5, which means a 39 % fall.
