The prices in real estate in Dunmore, 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 Dunmore has increased strongly during the last 6 months. In November, the average price per m² was $402. In the following month the price per m² increased considerably to $1,189. The price for the following two months in (January, February) had a considerable increment of 149 %. The price per m² has had a considerable deflation of 82 % 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 $992 to $817 during March, and April.
Based upon to the price in Dunmore (suburbs), this has fallen considerably in the last 6 months. The price in November is $689,750, rising in December till $781,800. During the following two months (January, February) the average price had a considerable reduction of 59 % 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 $584,762.5 to $415,000, which means a 71 % fall.