Property prices for sale in Porongurup (Western Australia)
The prices in real estate in Porongurup, 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 Porongurup has had a strong decrease during the last 6 months. In November, the average price per m² was $26,656. In the following month the price per m² decreased considerably to $4,849. The price for the following two months in (January, February) had a considerable decrease of 2 with regard to the prior two months. The price per m² has had a considerable deflation of 5 % 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 $8,057.75 to $363 during March, and April.
Based upon to the price in Porongurup (suburbs), this has fallen considerably in the last 6 months. The price in November is $1,009,143, rising in December till $1,124,833. During the following two months (January, February) the average price had a considerable reduction of 35 % 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 $721,827.25 to $376,666.5, which means a 52 % fall.
