The prices in real estate in Edge Hill, 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 Edge Hill has increased strongly during the last 6 months. In October, the average price per m² was $235. In the following month the price per m² increased to $253. The price for the following two months in (December, January) had a considerable increment of 208 %. The price per m² has decreased 90 % 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 $376 to $338 during February, and March.
Based upon to the price in Edge Hill (suburbs), this has gone up considerably in the last 6 months. In our first sample month during October, the average price is $194,317. In November This price remains at $194,095. During the following two months (December, January) the average price had a considerable increase of 250 % 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 $339,378.5 to $259,131, which means a 76 % fall.