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 June, the average price per m² was . In the following month the price per m² increased considerably to $17,324. The price for the following two months in (August, September) had a considerable increment of 182 %. The price per m² has had a considerable deflation of 42 % 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 $12,215.75 to $5,090 during October, and November.
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 June, is . During July the price went through a considerable rise reaching $3,236,600. During the following two months (August, September) the average price had a considerable increase of 181 % 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 $2,274,295 to $682,533.5, which means a 30 % fall.