Property prices for sale in Wonga Park (Victoria)

The price per m² in Wonga Park has increased strongly during the last 6 months. In November, the average price per m² was $539. In the following month the price per m² increased considerably to $1,329. The price for the following two months in (January, February) had a considerable increment of 2879 %. 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 $13,913 to $229 during March, and April.

Based upon to the price in Wonga Park (suburbs), this has gone up considerably in the last 6 months. The average price during our first sample month during November, is $919,172. During December the price went through a considerable rise reaching $3,908,533. During the following two months (January, February) the average price had a considerable reduction of 26 % 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 $1,520,452.25 to $391,000, which means a 26 % fall.