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 October, the average price per m² was $276. In November this price pretty much remained the same at a value of $281 per m². In the following two months the price per m² has increased 111 %, going from $278.5 to $310 per m². The price per m² has had a considerable increase of 1653 % 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 $294.25 to $4,865 during February, and March.
Based upon to the price in Emerald (suburbs), this has fallen considerably in the last 6 months. In our first sample month during October, the average price is $306,002. In November This price remains at $308,314. In the following two months the average price has remained the same with regard to the previous two months from $307,158 to $311,228. During the last two months the average price has had a strong fall compared to the previous four going from $309,193 to $177,785.5, which means a 57 % fall.