The prices in real estate in Wembley, in the Western Australia region have remained the same in the last couple of months. The real estate prices for second hand homes have remained in this city.
The price per m² in Wembley has remained the same in the last 6 months. In October, the average price per m² was $2,208. In the following month the price per m² increased considerably to $2,572. In the following two months the price per m² has barely changed, going from $2,390 to $2,475.5 per m². The price per m² has had a considerable deflation of 63 % 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 $2,432.75 to $1,533.5 during February, and March.
Based upon to the price in Wembley (suburbs), this has fallen considerably in the last 6 months. The average price for October is $976,328. During November the price had a considerable reduction till $578,369. During the following two months (December, January) the average price had a considerable reduction of 52 % 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 $590,116 to $171,666.5, which means a 29 % fall.