The prices in real estate in Chevron Island, 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 Chevron Island has increased strongly during the last 6 months. In October, the average price per m² was $687. In November this price pretty much remained the same at a value of $687 per m². The price for the following two months in (December, January) had a considerable increment of 196 %. The price per m² has had a considerable increase of 576 % 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 $1,018 to $5,868.5 during February, and March.
Based upon to the price in Chevron Island (suburbs), this has gone up considerably in the last 6 months. In our first sample month during October, the average price is $446,213. In November This price remains at $446,213. During the following two months (December, January) the average price had a considerable increase of 228 % 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 risen strongly 143 % during the last two months.
The graph displaying the average price for bedrooms illustrates that those properties with 1 bedroom are the cheapest ones. At a price of $1,799,130 they are 86 % more affordable than the average price for Chevron Island. The properties with the lowest average price have 3 bedrooms, Their price is 50 % cheaper than the average. After that we have properties with 4 bedrooms priced at $886,292.
With regard to the average price per m² , those properties with 4 bedrooms are the cheapest ones at a cost of $713 / m², with an average $11,418 / m² price in Chevron Island. The properties with the lowest average prices have 3 bedrooms. They are 91 % cheaper than the average followed by properties with 2 bedrooms with a price at $953 / m².
With regard to the average price based upon the property in Chevron Island we can see that the cheapest property type is "Condo" at a price of $792,606, they are 56 % more affordable than the average price of (!PRECIO2!). "Condo" has the lowest price. This price is 56 % more affordable than the average price aforementioned.
According to the average area cost by m² the cheapest property type is "Condo with an average price of $1,203 / m². "Condo" with an average cost of $1,203 / m² has the lowest price and would be directed at less affluent cities.