Property prices for sale in Southern Cross (Western Australia)
The prices in real estate in Southern Cross, 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 Southern Cross has had a strong decrease during the last 6 months. In October, the average price per m² was $183. In November this price pretty much remained the same at a value of $182 per m². The price for the following two months in (December, January) decreased 90 % with regard to the prior two months. The price per m² has had a considerable deflation of 27 % 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 $173 to $46 during February, and March.
Based upon to the price in Southern Cross (suburbs), this has fallen considerably in the last 6 months. In our first sample month during October, the average price is $176,095. In November This price remains at $174,524. During the following two months (December, January) the average price fell 90 % 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 $166,703.75 to $44,295, which means a 27 % fall.
