The prices in real estate in Newman, in the Western Australia region have had a strong rise in the last couple of months. The real estate prices for second hand homes have gone through a strong increase in this city.
The price per m² in Newman has increased strongly during the last 6 months. In October, the average price per m² was $586. In the following month the price per m² decreased to $548. The price for the following two months in (December, January) had a considerable increment of 199 %. The price per m² has barely changed in the last two months compared to the average price of the previous four months going from an average price of $849 to $879 during February y March
Based upon to the price in Newman (suburbs), these have remained the same in the last 6 months. In our first sample month during October, the average price is $301,802. In November This price remains at $304,538. In the following two months the average price has remained the same with regard to the previous two months from $303,170 to $315,038.5. During the last two months, the average price has reduced with regard to the previous ones. To be precise it has gone down 87 %, going from $309,104.25 to $268,996 in February and March.