The prices in real estate in Cape Gloucester, 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 Cape Gloucester has increased strongly during the last 6 months. In November, the average price per m² was $75. In the following month the price per m² increased considerably to $389. The price for the following two months in (January, February) had a considerable increment of 175 %. The price per m² has had a considerable deflation of 70 % 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 $319.25 to $224 during March, and April.
Based upon to the price in Cape Gloucester (suburbs), this has gone up considerably in the last 6 months. The average price during our first sample month during November, is $192,000. During December the price went through a considerable rise reaching $380,727. During the following two months (January, February) the average price had a considerable increase of 137 % with regard to the previous two months. During the last two months the average price has had a strong fall compared to the previous four going from $338,778.25 to $284,757, which means a 84 % fall.