Property prices for sale in Balmoral (Queensland)
The prices in real estate in Balmoral, 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 Balmoral has increased strongly during the last 6 months. In October, the average price per m² was $652. In the following month the price per m² decreased considerably to $281. The price for the following two months in (December, January) had a considerable increment of 218 %. The price per m² has had a considerable increase of 210 % 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 $741.75 to $1,555.5 during February, and March.
Based upon to the price in Balmoral (suburbs), this has gone up considerably in the last 6 months. The average price for October is $635,714. During November the price had a considerable reduction till $408,333. During the following two months (December, January) the price has had an average incrementation from $522,023.5 to $567,017.5. Based on an analysis of the first four prices and the last two months the average price has risen strongly 197 % during the last two months.
