The prices in real estate in Yanchep, 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 Yanchep has increased strongly during the last 6 months. In September, the average price per m² was $313. In the following month the price per m² increased considerably to $455. The price for the following two months in (November, December) had a considerable increment of 122 %. The price per m² has had a considerable increase of 286 % 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 $426.25 to $1,220 during January, and February.
Based upon to the price in Yanchep (suburbs), this has gone up considerably in the last 6 months. In our first sample month during September, the average price is $407,339. In October This price remains at $425,322. During the following two months (November, December) the price has had an average incrementation from $416,330.5 to $437,966. Based on an analysis of the first four prices and the last two months the average price has risen strongly 134 % during the last two months.