The prices in real estate in Waroona, 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 Waroona has had a strong decrease during the last 6 months. In November, the average price per m² was $10,582. In the following month the price per m² decreased considerably to $410. The price for the following two months in (January, February) had a considerable decrease of 20 with regard to the prior two months. The price per m² has had a considerable increase of 518 % 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 $3,297.75 to $17,087 during March, and April.
Based upon to the price in Waroona (suburbs), this has fallen considerably in the last 6 months. The average price for November is $515,000. During December the price had a considerable reduction till $355,700. During the following two months (January, February) the average price had a considerable increase of 132 % 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 $506,091.75 to $303,583.5, which means a 60 % fall.