The prices in real estate in Waggrakine, in the Western Australia region have had a minor fall in the last couple of months. The real estate prices for second hand homes have fallen in this city
The price per m² in Waggrakine has fallen in the last 6 months. In October, the average price per m² was $219. In November this price pretty much remained the same at a value of $217 per m². In the following two months the price per m² has barely changed, going from $218 to $208 per m². The price per m² has had a considerable deflation of 81 % 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 $213 to $172.5 during February, and March.
Based upon to the price in Waggrakine (suburbs), this has fallen considerably in the last 6 months. In our first sample month during October, the average price is $278,356. In November This price remains at $277,974. During the following two months (December, January) the average price fell 86 % 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 $258,943.75 to $137,300, which means a 53 % fall.