The prices in real estate in Burpengary, 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 Burpengary has increased strongly during the last 6 months. In September, the average price per m² was $541. In October this price pretty much remained the same at a value of $534 per m². In the following two months the price per m² has barely changed, going from $537.5 to $552 per m². The price per m² has had a considerable increase of 192 % 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 $544.75 to $1,045.5 during January, and February.
Based upon to the price in Burpengary (suburbs), this has gone up considerably in the last 6 months. In our first sample month during September, the average price is $589,299. In October This price remains at $597,077. In the following two months the average price has remained the same with regard to the previous two months from $593,188 to $585,900. Based on an analysis of the first four prices and the last two months the average price has risen strongly 143 % during the last two months.