The prices in real estate in Padbury, 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 Padbury has increased strongly during the last 6 months. In October, the average price per m² was $299. In the following month the price per m² decreased to $258. 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 7 % 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 $566.25 to $39.5 during February, and March.
Based upon to the price in Padbury (suburbs), this has gone up considerably in the last 6 months. The average price during our first sample month during October, is $106,857. During November the price went through a considerable rise reaching $235,429. During the following two months (December, January) the average price had a considerable increase of 261 % 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 $308,880.5 to $46,482.5, which means a 15 % fall.