The prices in real estate in Cremorne, 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 Cremorne has increased strongly during the last 6 months. In October, the average price per m² was $311. In November this price pretty much remained the same at a value of $311 per m². The price for the following two months in (December, January) had a considerable increment of 141 %. The price per m² has had a considerable increase of 149 % 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 $375.5 to $560.5 during February, and March.
Based upon to the price in Cremorne (suburbs), this has gone up in the last 6 months. In our first sample month during October, the average price is $351,019. In November This price remains at $347,051. In the following two months the average price has remained the same with regard to the previous two months from $349,035 to $362,590.5. Based on an analysis of the first four prices and the last two months the average price has risen strongly 119 % during the last two months.