Property prices for sale in Newtown (Queensland)
The prices in real estate in Newtown, 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 Newtown has increased strongly during the last 6 months. In October, the average price per m² was $271. In the following month the price per m² increased to $303. The price for the following two months in (December, January) had a considerable increment of 235 %. The price per m² has had a considerable increase of 419 % 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 $480.25 to $2,010 during February, and March.
Based upon to the price in Newtown (suburbs), this has gone up considerably in the last 6 months. The price in October is $232,809, rising in November till $250,371. During the following two months (December, January) the average price had a considerable increase of 158 % 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 187 % during the last two months.
The graph displaying the average price for bedrooms illustrates that those properties with 2 bedrooms are the cheapest ones. At a price of $671,250 they are 40 % more affordable than the average price for Newtown. The properties with the lowest average price have 4 bedrooms, Their price is 7 % cheaper than the average. After that we have properties with 1 bedroom priced at $613,353.
With regard to the average price per m² , those properties with 4 bedrooms are the cheapest ones at a cost of $734 / m², with an average $3,279 / m² price in Newtown. The properties with the highest average prices have 1 bedroom. They are 103 % more expensive than the average followed by properties with 3 bedrooms with a price at $1,574 / m².
The graph displaying the average prices displays the property type "Townhouse" as the most affordable one. At an cost of $671,250 it is 52 % cheaper than the average price in Newtown. "Apartment" is seen as the second most affordable property type. The cheapest type property is "House" followed by "Apartment". At a price of $422,858 it is 19 % more affordable than the average price.
According to the average cost per m², the cheapest property type is "Townhouse" at an average cost of $504 / m² followed by "House" priced at $985 / m². "Apartment" is the cheapest type of property with a $2,791 / m² value followed by "House" with an average price of $985 / m².
