The prices in real estate in Emerald, 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 Emerald has increased strongly during the last 6 months. In March, the average price per m² was . In the following month the price per m² increased considerably to $766. The price for the following two months in (May, June) had a considerable increment of 151 %. The price per m² has had a considerable increase of 9194 % 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 $480.25 to $44,152 during July, and August.
Based upon to the price in Emerald (suburbs), this has gone up considerably in the last 6 months. The average price during our first sample month during March, is . During April the price went through a considerable rise reaching $415,571. During the following two months (May, June) the average price had a considerable increase of 203 % 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 151 % during the last two months.
The graph showing the average price for bedrooms displays the property with the lowest price has 1 bedroom. It is 26 % cheaper than the average price of $373,280 in Emerald. Based on the bedrooms values, properties with the lowest prices are those with 1 bedroom. They are 26 % more affordable than the average aforementioned.
With regard to the average prices per m² those properties with 1 bedroom are 100 % cheaper than the average price of ($383 / m²) in Emerald. Properties with the most affordable price based upon to the number of bedrooms / m² are those with 1 bedroom. They are 100 % cheaper than the average value aforementioned.
The graph displaying the average prices displays the property type "Vacant Land" as the most affordable one. At an cost of $506,857 it is 27 % cheaper than the average price in Emerald. "House" is seen as the second most affordable property type. The cheapest type property is "House" followed by "Vacant Land". At a price of $370,671 it is 26 % more affordable than the average price.
According to the average cost per m², the cheapest property type is "Vacant Land" at an average cost of $376 / m² followed by "House" priced at $383 / m². "House" is the cheapest type of property with a $383 / m² value followed by "Vacant Land" with an average price of $376 / m².