Property prices for sale in Spearwood (Western Australia)

The price per m² in Spearwood has had a strong decrease during the last 6 months. In November, the average price per m² was $2,143. In the following month the price per m² decreased considerably to $1,399. The price for the following two months in (January, February) had a considerable decrease of 42 with regard to the prior two months. The price per m² has had a considerable deflation of 80 % 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 $1,256.25 to $1,010 during March, and April.

Based upon to the price in Spearwood (suburbs), this has fallen considerably in the last 6 months. In our first sample month during November, the average price is $517,273. In December This price remains at $528,167. During the following two months (January, February) the average price had a considerable reduction of 59 % with regard to the previous two months. During the last two months, the average price has pretty much remained the same with regard to the previous average values going from an average value of $415,697 and $396,181.5 between March and April.

The graph displaying the average price for bedrooms illustrates that those properties with 2 bedrooms are the cheapest ones. At a price of $635,000 they are 87 % more affordable than the average price for Spearwood. The properties with the lowest average price have 1 bedroom, Their price is 64 % cheaper than the average. After that we have properties with 4 bedrooms priced at $171,141.

With regard to the average price per m² , those properties with 3 bedrooms are the cheapest ones at a cost of $136 / m², with an average $1,833 / m² price in Spearwood. The properties with the lowest average prices have 1 bedroom. They are 66 % cheaper than the average followed by properties with 4 bedrooms with a price at $173 / m².

The graph displaying the average prices displays the property type "Apartment" as the most affordable one. At an cost of $635,000 it is 83 % cheaper than the average price in Spearwood. "House" is seen as the second most affordable property type. The cheapest type property is "House" followed by "Apartment". At a price of $105,076 it is 81 % more affordable than the average price.

According to the average cost per m², the cheapest property type is "House" at an average cost of $134 / m² followed by "Apartment" priced at $182 / m². "Apartment" is the cheapest type of property with a $182 / m² value followed by "House" with an average price of $134 / m².