The prices in real estate in Elimbah, in the Queensland region have had a minor fall in the last couple of months. The real estate prices for second hand homes have fallen in this city
The price per m² in Elimbah has fallen in the last 6 months. In November, the average price per m² was $430. In the following month the price per m² decreased considerably to $346. The price for the following two months in (January, February) had a considerable increment of 139 %. The price per m² has had a considerable deflation of 56 % 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 $463 to $260 during March, and April.
Based upon to the price in Elimbah (suburbs), this has gone up in the last 6 months. In our first sample month during November, the average price is $552,517. In December This price remains at $542,018. During the following two months (January, February) the average price had a considerable reduction of 75 % 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 171 % during the last two months.