The prices in real estate in Ormiston, 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 Ormiston has increased strongly during the last 6 months. In September, the average price per m² was $23. In the following month the price per m² increased considerably to $434. The price for the following two months in (November, December) had a considerable increment of 178 %. The price per m² has had a considerable increase of 134 % 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 $317.5 to $425.5 during January, and February.
Based upon to the price in Ormiston (suburbs), this has gone up considerably in the last 6 months. The average price during our first sample month during September, is $10,000. During October the price went through a considerable rise reaching $229,750. During the following two months (November, December) the average price had a considerable increase of 208 % 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 247 % during the last two months.