The prices in real estate in South Hedland, 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 South Hedland has increased strongly during the last 6 months. In October, the average price per m² was $423. In November this price pretty much remained the same at a value of $411 per m². The price for the following two months in (December, January) had a considerable increment of 178 %. The price per m² has had a considerable deflation of 76 % 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 $580.5 to $442.5 during February, and March.
Based upon to the price in South Hedland (suburbs), these have remained the same in the last 6 months. The average price for October is $333,363. During November the price had a slight fall till $312,088. During the following two months (December, January) the price has had an average incrementation from $322,725.5 to $357,857.5. During the last two months the average price has had a strong fall compared to the previous four going from $340,291.5 to $283,068.5, which means a 83 % fall.
The graph displaying the average price for bedrooms illustrates that those properties with 1 bedroom are the cheapest ones. At a price of $210,781 they are 95 % more affordable than the average price for South Hedland. The properties with the highest average price have 4 bedrooms, Their price is 91 % more costly than the average. After that we have properties with 2 bedrooms priced at $253,250.
With regard to the average price per m² , those properties with 1 bedroom are the cheapest ones at a cost of $33 / m², with an average $197 / m² price in South Hedland. The properties with the highest average prices have 2 bedrooms. They are 132 % more expensive than the average followed by properties with 4 bedrooms with a price at $355 / m².
The graph displaying the average prices displays the property type "Land" as the most affordable one. At an cost of $210,781 it is 31 % cheaper than the average price in South Hedland. "Condo" is seen as the second most affordable property type. The dearest property type is "Apartment" followed by "Townhouse". At a price of $267,975 it is 115 % more expensive than the average price.
According to the average cost per m², the cheapest property type is "House" at an average cost of $186 / m² followed by "Condo" priced at $234 / m². "Apartment" is the most costly type of property with a $2,192 / m² cost followed by "Townhouse" with an average price of $513 / m².