Property prices for sale in Munster (Western Australia)
The prices in real estate in Munster, 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 Munster has had a strong decrease during the last 6 months. In October, the average price per m² was $896. In the following month the price per m² decreased considerably to $272. The price for the following two months in (December, January) had a considerable increment of 162 %. The price per m² has had a considerable deflation of 20 % 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 $766.25 to $149.5 during February, and March.
Based upon to the price in Munster (suburbs), these have remained the same in the last 6 months. The average price for October is $309,740. During November the price had a considerable reduction till $176,667. During the following two months (December, January) the average price had a considerable increase of 208 % with regard to the previous two months. During the last two months the average price has had a strong fall compared to the previous four going from $375,088.75 to $142,676, which means a 38 % fall.
