Property prices for sale in Wembley Downs (Western Australia)
The prices in real estate in Wembley Downs, 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 Wembley Downs has had a strong decrease during the last 6 months. In November, the average price per m² was $432. In the following month the price per m² decreased to $399. The price for the following two months in (January, February) decreased 90 % with regard to the prior two months. The price per m² has had a considerable deflation of 2 % 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 $395.25 to $7.5 during March, and April.
Based upon to the price in Wembley Downs (suburbs), this has fallen considerably in the last 6 months. The average price for November is $323,063. During December the price had a slight fall till $278,170. During the following two months (January, February) the average price had a considerable reduction of 62 % 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 $244,197.25 to $5,000, which means a 2 % fall.
