The prices in real estate in North Perth, 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 North Perth has increased strongly during the last 6 months. In October, the average price per m² was $581. In the following month the price per m² increased to $611. The price for the following two months in (December, January) had a considerable increment of 307 %. The price per m² has had a considerable deflation of 69 % 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 $1,212 to $831.5 during February, and March.
Based upon to the price in North Perth (suburbs), this has gone downing the last 6 months. The average price for October is $407,448. During November the price had a considerable reduction till $286,448. During the following two months (December, January) the average price had a considerable increase of 172 % 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 $472,087.75 to $212,000, which means a 45 % fall.
The graph displaying the average price for bedrooms illustrates that those properties with 1 bedroom are the cheapest ones. At a price of $177,667 they are 41 % more affordable than the average price for North Perth. Based on the bedrooms values, properties with the highest prices are those with 2 bedrooms. They are 20 % more expensive than the average aforementioned.
With regard to the average price per m² , those properties with 1 bedroom are the cheapest ones at a cost of $285 / m², with an average $395 / m² price in North Perth. Properties with the most expensive price based upon to the number of bedrooms / m² are those with 3 bedrooms. They are 44 % more costly than the average value aforementioned.