The prices in real estate in Rockingham, in the Queensland region have had a minor fall in the last couple of months. The real estate prices for second hand homes have fallen in this city
The price per m² in Rockingham has fallen in the last 6 months. In October, the average price per m² was $1,036. In the following month the price per m² decreased to $917. In the following two months the price per m² has increased 111 %, going from $976.5 to $1,082.5 per m². The price per m² has had a considerable deflation of 81 % 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 $1,029.5 to $834 during February, and March.
Based upon to the price in Rockingham (suburbs), this has gone downing the last 6 months. The average price for October is $555,544. During November the price had a considerable reduction till $447,588. During the following two months (December, January) the average price had a considerable increase of 117 % 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 $543,421.5 to $404,140, which means a 74 % fall.
The graph displaying the average price for bedrooms illustrates that those properties with 1 bedroom are the cheapest ones. At a price of $288,764 they are 32 % more affordable than the average price for Rockingham. The properties with the highest average price have 4 bedrooms, Their price is 45 % more costly than the average. After that we have properties with 3 bedrooms priced at $366,896.
With regard to the average price per m² , those properties with 2 bedrooms are the most costly ones at a cost of $481 / m², with an average $357 / m² price in Rockingham. The properties with the highest average prices have 4 bedrooms. They are 148 % more expensive than the average followed by properties with 3 bedrooms with a price at $552 / m².
The graph displaying the average prices displays the property type "Villa" as the most costly one. At an cost of $288,764 it is 21 % more expensive than the average price in Rockingham. "Land" is seen as the second dearest property type. The dearest property type is "Townhouse" followed by "Apartment". At a price of $452,239 it is 81 % more expensive than the average price.
According to the average cost per m², the most expensive property type would be "House" at an average cost of $409 / m² followed by "Land" priced at $823 / m². "Apartment" is the most costly type of property with a $3,814 / m² cost followed by "Townhouse" with an average price of $2,254 / m².