The prices in real estate in Rockingham, 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 Rockingham has increased strongly during the last 6 months. In November, the average price per m² was $917. In the following month the price per m² decreased considerably to $670. The price for the following two months in (January, February) had a considerable increment of 177 %. The price per m² has had a considerable increase of 115 % 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 $1,098.25 to $1,263.5 during March, and April.
Based upon to the price in Rockingham (suburbs), this has gone up considerably in the last 6 months. The average price for November is $447,588. During December the price had a slight fall till $423,054. During the following two months (January, February) the average price had a considerable increase of 146 % 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 $534,414.5 to $447,639.5, which means a 84 % fall.
The graph displaying the average price for bedrooms illustrates that those properties with 1 bedroom are the cheapest ones. At a price of $606,515 they are 67 % more affordable than the average price for Rockingham. The properties with the lowest average price have 4 bedrooms, Their price is 31 % cheaper than the average. After that we have properties with 3 bedrooms priced at $366,529.
With regard to the average price per m² , those properties with 2 bedrooms are the cheapest ones at a cost of $480 / m², with an average $2,170 / m² price in Rockingham. The properties with the lowest average prices have 4 bedrooms. They are 59 % cheaper than the average followed by properties with 3 bedrooms with a price at $551 / m².
The graph displaying the average prices displays the property type "Villa" as the most affordable one. At an cost of $606,515 it is 43 % cheaper than the average price in Rockingham. "Land" is seen as the second most affordable property type. The cheapest type property is "Townhouse" followed by "Apartment". At a price of $451,786 it is 14 % more affordable than the average price.
According to the average cost per m², the cheapest property type is "House" at an average cost of $408 / m² followed by "Land" priced at $822 / m². "Apartment" is the most costly type of property with a $3,810 / m² cost followed by "Townhouse" with an average price of $2,251 / m².