The prices in real estate in Wagin, 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 Wagin has increased strongly during the last 6 months. In November, the average price per m² was $290. In the following month the price per m² decreased considerably to $241. The price for the following two months in (January, February) decreased 87 % with regard to the prior two months. The price per m² has had a considerable increase of 948 % 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 $248.5 to $2,355 during March, and April.
Based upon to the price in Wagin (suburbs), this has fallen considerably in the last 6 months. The average price for November is $314,875. During December the price had a considerable reduction till $266,600. During the following two months (January, February) the average price had a considerable reduction of 80 % 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 $262,118.25 to $66,590, which means a 25 % fall.