The prices in real estate in Hervey Bay, 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 Hervey Bay has increased strongly during the last 6 months. In April, the average price per m² was $603. In the following month the price per m² increased considerably to $1,630. The price for the following two months in (June, July) had a considerable increment of 776 %. The price per m² has had a considerable increase of 323 % 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 $4,889.25 to $15,769.5 during August, and September.
Based upon to the price in Hervey Bay (suburbs), this has gone up considerably in the last 6 months. The average price during our first sample month during April, is $367,167. During May the price went through a considerable rise reaching $479,967. During the following two months (June, July) the average price had a considerable increase of 382 % 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 287 % 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 0 % cheaper than the average price of $2,623,980 in Hervey Bay. Based on the bedrooms values, properties with the lowest prices are those with 1 bedroom. They are 0 % more affordable than the average aforementioned.
With regard to the average prices per m² those properties with 1 bedroom are 0 % cheaper than the average price of ($14,215 / m²) in Hervey Bay. Properties with the most affordable price based upon to the number of bedrooms / m² are those with 1 bedroom. They are 0 % cheaper than the average value aforementioned.
With regard to the average price based upon the property in Hervey Bay we can see that the cheapest property type is "House" at a price of $2,623,980, they are 0 % more affordable than the average price of (!PRECIO2!). "House" has the lowest price. This price is 0 % more affordable than the average price aforementioned.
According to the average area cost by m² the cheapest property type is "House with an average price of $14,215 / m². "House" with an average cost of $14,215 / m² has the lowest price and would be directed at less affluent cities.