The prices in real estate in Boonah, 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 Boonah has increased strongly during the last 6 months. In October, the average price per m² was $138. In the following month the price per m² decreased considerably to $111. The price for the following two months in (December, January) had a considerable increment of 123 %. The price per m² has had a considerable increase of 312 % 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 $138.75 to $432.5 during February, and March.
Based upon to the price in Boonah (suburbs), these have remained the same in the last 6 months. In our first sample month during October, the average price is $377,963. In November This price remains at $381,105. In the following two months the average price has remained the same with regard to the previous two months from $379,534 to $392,687. During the last two months the average price has had a strong fall compared to the previous four going from $386,110.5 to $319,078, which means a 83 % fall.