The prices in real estate in Port Kennedy, 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 Port Kennedy has increased strongly during the last 6 months. In October, the average price per m² was $682. In November this price pretty much remained the same at a value of $683 per m². The price for the following two months in (December, January) had a considerable increment of 123 %. The price per m² has increased 114 % 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 $761.5 to $870.5 during February, and March.
Based upon to the price in Port Kennedy (suburbs), this has gone up in the last 6 months. In our first sample month during October, the average price is $499,533. In November This price remains at $492,932. During the following two months (December, January) the price has had an average incrementation from $496,232.5 to $552,782. 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.