Property prices for sale in Mount Melville (Western Australia)
The prices in real estate in Mount Melville, 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 Mount Melville has had a strong decrease during the last 6 months. In October, the average price per m² was $606. In the following month the price per m² decreased to $565. The price for the following two months in (December, January) decreased 92 % with regard to the prior two months. The price per m² has had a considerable deflation of 81 % 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 $560.75 to $456 during February, and March.
Based upon to the price in Mount Melville (suburbs), this has fallen considerably in the last 6 months. The average price for October is $586,667. During November the price had a slight fall till $538,933. In the following two months the average price has remained the same with regard to the previous two months from $562,800 to $577,604. During the last two months the average price has had a strong fall compared to the previous four going from $570,202 to $303,000, which means a 53 % fall.
