The prices in real estate in Wyndham, in the Southland 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 Wyndham has had a strong decrease during the last 6 months. In November, the average price per m² was $4,719. In the following month the price per m² increased considerably to $5,854. The price for the following two months in (January, February) had a considerable decrease of 34 with regard to the prior two months. The price per m² has decreased 90 % 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 $3,530.75 to $3,168 during March, and April.
Based upon to the price in Wyndham (suburbs), this has fallen considerably in the last 6 months. The price in November is $640,800, rising in December till $733,333. During the following two months (January, February) the average price had a considerable reduction of 32 % with regard to the previous two months. Based on an analysis of the first four prices and the last two months the average price has gone up 106 % during the last two months.