The prices in real estate in Russell Island, 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 Russell Island has increased strongly during the last 6 months. In December, the average price per m² was $102. In the following month the price per m² decreased to $95. The price for the following two months in (February, March) had a considerable increment of 139 %. The price per m² has had a considerable increase of 177 % 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 $117.5 to $208.5 during April, and May.
Based upon to the price in Russell Island (suburbs), this has gone up considerably in the last 6 months. The average price for December is $73,814. During January the price had a slight fall till $69,007. During the following two months (February, March) the average price had a considerable increase of 140 % 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 174 % during the last two months.
The graph showing the average price for bedrooms displays the property with the most expensive price has 2 bedrooms. It is 47 % more costly than the average price of $234,916 in Russell Island. Based on the bedrooms values, properties with the highest prices are those with 2 bedrooms. They are 47 % more expensive than the average aforementioned.
With regard to the average prices per m² those properties with 2 bedrooms are 37 % more costly than the average price of ($316 / m²) in Russell Island. Properties with the most expensive price based upon to the number of bedrooms / m² are those with 2 bedrooms. They are 37 % more costly than the average value aforementioned.
With regard to the average price based upon the property in Russell Island we can see that the cheapest property type is "Land" at a price of $42,537, they are 73 % more affordable than the average price of (!PRECIO2!). "Land" has the lowest price. This price is 73 % more affordable than the average price aforementioned.
According to the average area cost by m² the cheapest property type is "Land with an average price of $63 / m². "Land" with an average cost of $63 / m² has the lowest price and would be directed at less affluent cities.