The prices in real estate in Armstrong Beach, in the Queensland 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 Armstrong Beach has increased strongly during the last 6 months. In November, the average price per m² was $484. In the following month the price per m² decreased considerably to . The price for the following two months in (January, February) had a considerable increment of 191 %. The price per m² has had a considerable increase of 16388 % 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 $351.75 to $57,644.5 during March, and April.
Based upon to the price in Armstrong Beach (suburbs), this has fallen considerably in the last 6 months. The average price for November is $676,000. During December the price had a considerable reduction till . During the following two months (January, February) the average price had a considerable increase of 186 % 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 $483,729.25 to $240,000, which means a 50 % fall.