The prices in real estate in Kangaroo Point, 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 Kangaroo Point has increased strongly during the last 6 months. In October, the average price per m² was $454. In the following month the price per m² increased considerably to $862. The price for the following two months in (December, January) had a considerable increment of 116 %. The price per m² has decreased 94 % 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 $711.25 to $667.5 during February, and March.
Based upon to the price in Kangaroo Point (suburbs), these have remained the same in the last 6 months. The average price during our first sample month during October, is $174,560. During November the price went through a considerable rise reaching $218,759. During the following two months (December, January) the average price had a considerable reduction of 84 % 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 $180,826.5 to $145,223, which means a 80 % fall.
The graph displaying the average price for bedrooms illustrates that those properties with 2 bedrooms are the cheapest ones. At a price of $203,571 they are 55 % more affordable than the average price for Kangaroo Point. The properties with the highest average price have 3 bedrooms, Their price is 146 % more costly than the average. After that we have properties with 1 bedroom priced at $391,940.
With regard to the average price per m² , those properties with 2 bedrooms are the cheapest ones at a cost of $157 / m², with an average $1,168 / m² price in Kangaroo Point. The properties with the highest average prices have 3 bedrooms. They are 318 % more expensive than the average followed by properties with 1 bedroom with a price at $1,206 / m².
The graph displaying the average prices displays the property type "Flat" as the most costly one. At an cost of $203,571 it is 144 % more expensive than the average price in Kangaroo Point. "Apartment" is seen as the second dearest property type. The dearest property type is "Apartment" followed by "Flat". At a price of $496,371 it is 146 % more expensive than the average price.
According to the average cost per m², the most expensive property type would be "Flat" at an average cost of $4,836 / m² followed by "Apartment" priced at $4,881 / m². "Apartment" is the most costly type of property with a $4,881 / m² cost followed by "Flat" with an average price of $4,836 / m².