The prices in real estate in Rangeway, in the Western Australia region have had a minor rise in the last couple of months. The real estate prices for second hand homes have risen in this city.
The price per m² in Rangeway has increased during the last 6 months. In November, the average price per m² was $447. In the following month the price per m² increased considerably to $819. In the following two months the price per m² has increased 112 %, going from $633 to $708 per m². The price per m² has had a considerable deflation of 22 % 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 $670.5 to $145 during March, and April.
Based upon to the price in Rangeway (suburbs), this has gone up in the last 6 months. The average price during our first sample month during November, is $201,000. During December the price went through a considerable rise reaching $287,833. During the following two months (January, February) the price has had an average incrementation from $244,416.5 to $275,250. During the last two months the average price has had a strong fall compared to the previous four going from $259,833.25 to $142,250, which means a 55 % fall.