The prices in real estate in Graceville, 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 Graceville has increased strongly during the last 6 months. In November, the average price per m² was $190. In the following month the price per m² decreased considerably to $104. The price for the following two months in (January, February) had a considerable increment of 509 %. The price per m² has had a considerable deflation of 22 % 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 $447.5 to $100 during March, and April.
Based upon to the price in Graceville (suburbs), this has gone up considerably in the last 6 months. The average price for November is $164,143. During December the price had a considerable reduction till $72,882. During the following two months (January, February) the average price had a considerable increase of 624 % 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 $429,260.75 to $86,989, which means a 20 % fall.