The prices in real estate in Ripley, 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 Ripley has increased strongly during the last 6 months. In October, the average price per m² was $544. In November this price pretty much remained the same at a value of $554 per m². In the following two months the price per m² has barely changed, going from $549 to $547.5 per m². The price per m² has had a considerable increase of 158 % 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 $548.25 to $865 during February, and March.
Based upon to the price in Ripley (suburbs), this has fallen considerably in the last 6 months. In our first sample month during October, the average price is $624,906. In November This price remains at $624,248. In the following two months the average price has remained the same with regard to the previous two months from $624,577 to $625,596. During the last two months the average price has had a strong fall compared to the previous four going from $625,086.5 to $296,256.5, which means a 47 % fall.