The prices in real estate in Pacific Fair, in the Queensland region have remained the same in the last couple of months. The real estate prices for second hand homes have remained in this city.
The price per m² in Pacific Fair has remained the same in the last 6 months. In March, the average price per m² was $724. In the following month the price per m² increased to $800. In the following two months the price per m² has barely changed, going from $762 to $800 per m². The price per m² has had a considerable deflation of 76 % 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 $781 to $591.5 during July, and August.
Based upon to the price in Pacific Fair (suburbs), this has gone up considerably in the last 6 months. The average price during our first sample month during March, is $513,180. During April the price went through a considerable rise reaching $1,368,005. During the following two months (May, June) the average price had a considerable increase of 145 % with regard to the previous two months. During the last two months the average price has had a strong fall compared to the previous four going from $1,154,298.75 to $324,919.5, which means a 28 % fall.
The graph displaying the average price for bedrooms illustrates that those properties with 4 bedrooms are the cheapest ones. At a price of $307,782 they are 97 % more affordable than the average price for Pacific Fair. The properties with the highest average price have 2 bedrooms, Their price is 90 % more costly than the average. After that we have properties with 3 bedrooms priced at $552,946.
With regard to the average price per m² , those properties with 4 bedrooms are the cheapest ones at a cost of $8 / m², with an average $564 / m² price in Pacific Fair. The properties with the highest average prices have 1 bedroom. They are 126 % more expensive than the average followed by properties with 2 bedrooms with a price at $940 / m².
The graph displaying the average prices displays the property type "House" as the most affordable one. At an cost of $307,782 it is 68 % cheaper than the average price in Pacific Fair. "Apartment" is seen as the second most affordable property type. The dearest property type is "Apartment" followed by "House". At a price of $97,569 it is 68 % more expensive than the average price.
According to the average cost per m², the cheapest property type is "House" at an average cost of $179 / m² followed by "Apartment" priced at $839 / m². "Apartment" is the most costly type of property with a $839 / m² cost followed by "House" with an average price of $179 / m².