The prices in real estate in Hamilton, 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 Hamilton has increased strongly during the last 6 months. In October, the average price per m² was $971. In November this price pretty much remained the same at a value of $1,011 per m². The price for the following two months in (December, January) had a considerable increment of 159 %. The price per m² has had a considerable increase of 118 % 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 $1,284 to $1,517 during February, and March.
Based upon to the price in Hamilton (suburbs), this has gone up considerably in the last 6 months. In our first sample month during October, the average price is $621,863. In November This price remains at $646,101. During the following two months (December, January) the average price had a considerable increase of 157 % with regard to the previous two months. During the last two months, the average price has pretty much remained the same with regard to the previous average values going from an average value of $813,782.5 and $824,967.5 between February and March.
The graph displaying the average price for bedrooms illustrates that those properties with 1 bedroom are the cheapest ones. At a price of $725,550 they are 39 % more affordable than the average price for Hamilton. The properties with the highest average price have 3 bedrooms, Their price is 59 % more costly than the average. After that we have properties with 2 bedrooms priced at $814,984.
With regard to the average price per m² , those properties with 4 bedrooms are the cheapest ones at a cost of $438 / m², with an average $1,460 / m² price in Hamilton. The properties with the lowest average prices have 2 bedrooms. They are 6 % cheaper than the average followed by properties with 3 bedrooms with a price at $1,366 / m².