The prices in real estate in Piccadilly, 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 Piccadilly has increased strongly during the last 6 months. In November, the average price per m² was $466. In the following month the price per m² decreased to $439. The price for the following two months in (January, February) had a considerable increment of 127 %. The price per m² has increased 113 % 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 $514.25 to $579 during March, and April.
Based upon to the price in Piccadilly (suburbs), this has gone up in the last 6 months. In our first sample month during November, the average price is $337,855. In December This price remains at $338,438. During the following two months (January, February) the price has had an average incrementation from $338,146.5 to $358,199.5. Based on an analysis of the first four prices and the last two months the average price has gone up 111 % during the last two months.