The prices in real estate in Narangba, 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 Narangba has increased strongly during the last 6 months. In April, the average price per m² was $965. In the following month the price per m² increased considerably to $1,447. The price for the following two months in (June, July) had a considerable increment of 5446 %. The price per m² has had a considerable deflation of 39 % 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 $33,439.75 to $13,190 during August, and September.
Based upon to the price in Narangba (suburbs), this has fallen considerably in the last 6 months. The price in April is $582,667, rising in May till $615,980. In the following two months the average price has remained the same with regard to the previous two months from $599,323.5 to $605,734. During the last two months the average price has had a strong fall compared to the previous four going from $602,528.75 to $302,492, which means a 50 % fall.