The prices in real estate in Herberton, 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 Herberton has increased strongly during the last 6 months. In November, the average price per m² was $232. In December this price pretty much remained the same at a value of $238 per m². The price for the following two months in (January, February) had a considerable increment of 185 %. The price per m² has decreased 87 % 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 $335.25 to $292.5 during March, and April.
Based upon to the price in Herberton (suburbs), this has gone up considerably in the last 6 months. In our first sample month during November, the average price is $265,028. In December This price remains at $267,088. During the following two months (January, February) the average price had a considerable increase of 158 % 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 $342,862.25 to $274,375, which means a 80 % fall.