The prices in real estate in Cairns, 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 Cairns has increased during the last 6 months. In September, the average price per m² was $882. In the following month the price per m² increased considerably to $1,073. The price for the following two months in (November, December) decreased 92 % with regard to the prior two months. The price per m² has barely changed in the last two months compared to the average price of the previous four months going from an average price of $938.5 to $968 during January y February
Based upon to the price in Cairns (suburbs), these have remained the same in the last 6 months. In our first sample month during September, the average price is $406,246. In October This price remains at $418,072. In the following two months the average price has remained the same with regard to the previous two months from $412,159 to $417,240. During the last two months, the average price has reduced with regard to the previous ones. To be precise it has gone down 93 %, going from $414,699.5 to $386,927 in January and February.
The graph displaying the average price for bedrooms illustrates that those properties with 1 bedroom are the cheapest ones. At a price of $379,944 they are 60 % more affordable than the average price for Cairns. The properties with the highest average price have 4 bedrooms, Their price is 23 % more costly than the average. After that we have properties with 3 bedrooms priced at $387,882.
With regard to the average price per m² , those properties with 4 bedrooms are the cheapest ones at a cost of $666 / m², with an average $995 / m² price in Cairns. The properties with the highest average prices have 1 bedroom. They are 157 % more expensive than the average followed by properties with 2 bedrooms with a price at $2,100 / m².
The graph displaying the average prices displays the property type "Apartment" as the most affordable one. At an cost of $379,944 it is 35 % 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 $246,234 it is 16 % more expensive than the average price.
According to the average cost per m², the cheapest property type is "House" at an average cost of $664 / m² followed by "Apartment" priced at $2,505 / m². "Apartment" is the most costly type of property with a $2,505 / m² cost followed by "House" with an average price of $664 / m².