The prices in real estate in Morningside, 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 Morningside has increased strongly during the last 6 months. In October, the average price per m² was $426. In the following month the price per m² increased to $471. The price for the following two months in (December, January) had a considerable decrease of 37 with regard to the prior two months. The price per m² has had a considerable increase of 536 % 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 $308 to $1,650.5 during February, and March.
Based upon to the price in Morningside (suburbs), this has gone up in the last 6 months. The price in October is $285,651, rising in November till $319,122. During the following two months (December, January) the average price had a considerable reduction of 53 % 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 214 % during the last two months.