The prices in real estate in Yangebup, 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 Yangebup has had a strong decrease during the last 6 months. In October, the average price per m² was $1,455. In November this price pretty much remained the same at a value of $1,427 per m². In the following two months the price per m² has barely changed, going from $1,441 to $1,471.5 per m². The price per m² has had a considerable deflation of 47 % 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 $1,456.25 to $681.5 during February, and March.
Based upon to the price in Yangebup (suburbs), this has fallen considerably in the last 6 months. In our first sample month during October, the average price is $604,092. In November This price remains at $593,913. During the following two months (December, January) the price has had an average incrementation from $599,002.5 to $663,327. During the last two months the average price has had a strong fall compared to the previous four going from $631,164.75 to $298,560, which means a 47 % fall.