The prices in real estate in Cairns, in the Queensland region have remained the same in the last couple of months. The real estate prices for second hand homes have remained in this city.
The price per m² in Cairns has remained the same in the last 6 months. In December, the average price per m² was $916. In January this price pretty much remained the same at a value of $941 per m². In the following two months the price per m² has increased 108 %, going from $928.5 to $1,005 per m². The price per m² has decreased 88 % 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 $966.75 to $847.5 during April, and May.
Based upon to the price in Cairns (suburbs), this has gone downing the last 6 months. The average price for December is $415,211. During January the price had a slight fall till $393,910. During the following two months (February, March) the average price fell 95 % with regard to the previous two months. During the last two months, the average price has reduced with regard to the previous ones. To be precise it has gone down 91 %, going from $394,048.75 to $357,290.5 in 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 $368,537 they are 53 % more affordable than the average price for Cairns. The properties with the highest average price have 4 bedrooms, Their price is 24 % more costly than the average. After that we have properties with 3 bedrooms priced at $372,485.
With regard to the average price per m² , those properties with 3 bedrooms are the cheapest ones at a cost of $545 / m², with an average $670 / m² price in Cairns. The properties with the highest average prices have 1 bedroom. They are 286 % more expensive than the average followed by properties with 2 bedrooms with a price at $2,154 / m².
The graph displaying the average prices displays the property type "Apartment" as the most affordable one. At an cost of $368,537 it is 20 % cheaper than the average price in Cairns. "House" is seen as the second most affordable property type. The dearest property type is "House" followed by "Apartment". At a price of $295,199 it is 13 % more expensive than the average price.
According to the average cost per m², the cheapest property type is "House" at an average cost of $563 / m² followed by "Apartment" priced at $2,275 / m². "Apartment" is the most costly type of property with a $2,275 / m² cost followed by "House" with an average price of $563 / m².