The prices in real estate in Burpengary East, 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 East has increased strongly during the last 6 months. In October, the average price per m² was $603. In November this price pretty much remained the same at a value of $603 per m². In the following two months the price per m² has barely changed, going from $603 to $592 per m². The price per m² has had a considerable increase of 201 % 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 $597.5 to $1,200 during February, and March.
Based upon to the price in Burpengary East (suburbs), these have remained the same in the last 6 months. In our first sample month during October, the average price is $592,476. In November This price remains at $606,840. During the following two months (December, January) the average price fell 95 % with regard to the previous two months. Based on an analysis of the first four prices and the last two months the average price has gone up 113 % during the last two months.