The prices in real estate in Mackay, 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 Mackay has increased strongly during the last 6 months. In January, the average price per m² was $594. In February this price pretty much remained the same at a value of $577 per m². The price for the following two months in (March, April) had a considerable increment of 243 %. The price per m² has had a considerable deflation of 59 % 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 $1,002.75 to $595.5 during May, and June.
Based upon to the price in Mackay (suburbs), these have remained the same in the last 6 months. In our first sample month during January, the average price is $361,867. In February This price remains at $367,570. In the following two months the average price has remained the same with regard to the previous two months from $364,718.5 to $351,157.5. 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 $357,938 and $344,256.5 between May and June.
The graph displaying the average price for bedrooms illustrates that those properties with 2 bedrooms are the cheapest ones. At a price of $329,775 they are 24 % more affordable than the average price for Mackay. The properties with the highest average price have 1 bedroom, Their price is 49 % more costly than the average. After that we have properties with 4 bedrooms priced at $443,263.
With regard to the average price per m² , those properties with 3 bedrooms are the cheapest ones at a cost of $430 / m², with an average $532 / m² price in Mackay. The properties with the highest average prices have 1 bedroom. They are 343 % more expensive than the average followed by properties with 2 bedrooms with a price at $888 / m².
The graph displaying the average prices displays the property type "Apartment" as the most affordable one. At an cost of $329,775 it is 25 % cheaper than the average price in Mackay. "House" is seen as the second most affordable property type. The dearest property type is "House" followed by "Apartment". At a price of $245,857 it is 9 % more expensive than the average price.
According to the average cost per m², the cheapest property type is "House" at an average cost of $487 / m² followed by "Apartment" priced at $1,493 / m². "Apartment" is the most costly type of property with a $1,493 / m² cost followed by "House" with an average price of $487 / m².