Property prices for sale in Bingil Bay (Queensland)
The prices in real estate in Bingil Bay, 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 Bingil Bay has increased strongly during the last 6 months. In October, the average price per m² was $448. In the following month the price per m² increased to $487. The price for the following two months in (December, January) had a considerable increment of 181 %. The price per m² has had a considerable deflation of 39 % 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 $657.5 to $254.5 during February, and March.
Based upon to the price in Bingil Bay (suburbs), this has fallen considerably in the last 6 months. The price in October is $475,167, rising in November till $526,474. During the following two months (December, January) the price has had an average incrementation from $500,820.5 to $574,925. During the last two months the average price has had a strong fall compared to the previous four going from $537,872.75 to $171,500, which means a 32 % fall.
