The prices in real estate in Brisbane, in the Queensland region have had a minor rise in the last couple of months. The real estate prices for second hand homes have risen in this city.
The price per m² in Brisbane has increased during the last 6 months. In December, the average price per m² was $1,047. In January this price pretty much remained the same at a value of $1,029 per m². In the following two months the price per m² has increased 105 %, going from $1,038 to $1,094.5 per m². The price per m² has increased 112 % 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 $1,066.25 to $1,190 during April, and May.
Based upon to the price in Brisbane (suburbs), these have remained the same in the last 6 months. In our first sample month during December, the average price is $505,779. In January This price remains at $505,415. In the following two months the average price has remained the same with regard to the previous two months from $505,597 to $501,284.5. During the last two months, the average price has pretty much remained the same with regard to the previous average values going from an average value of $503,440.75 and $519,277 between April and May.
The graph displaying the average price for bedrooms illustrates that those properties with 1 bedroom are the cheapest ones. At a price of $497,077 they are 31 % more affordable than the average price for Brisbane. The properties with the highest average price have 4 bedrooms, Their price is 6 % more costly than the average. After that we have properties with 2 bedrooms priced at $452,680.
With regard to the average price per m² , those properties with 4 bedrooms are the cheapest ones at a cost of $955 / m², with an average $1,195 / m² price in Brisbane. The properties with the highest average prices have 1 bedroom. They are 336 % more expensive than the average followed by properties with 2 bedrooms with a price at $2,286 / m².
The graph displaying the average prices displays the property type "Villa" as the most affordable one. At an cost of $497,077 it is 29 % cheaper than the average price in Brisbane. "Townhouse" is seen as the second most affordable property type. The dearest property type is "Land" followed by "House". At a price of $489,933 it is 6 % more expensive than the average price.
According to the average cost per m², the cheapest property type is "House" at an average cost of $956 / m² followed by "Land" priced at $1,050 / m². "Apartment" is the most costly type of property with a $4,652 / m² cost followed by "Townhouse" with an average price of $2,430 / m².