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 April, the average price per m² was $162. In the following month the price per m² increased to $175. The price for the following two months in (June, July) had a considerable increment of 183 %. The price per m² has barely changed in the last two months compared to the average price of the previous four months going from an average price of $238.5 to $242.5 during August y September
Based upon to the price in Russell Island (suburbs), this has gone up considerably in the last 6 months. In our first sample month during April, the average price is $113,829. In May This price remains at $115,971. During the following two months (June, July) the average price had a considerable increase of 182 % 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 gone up 106 % during the last two months.
The graph displaying the average price for bedrooms illustrates that those properties with 1 bedroom are the most costly ones. At a price of $145,842 they are 58 % more expensive than the average price for Russell Island. Following this ranking we find those properties with 2 at an average price of $256,117. The properties with the highest average price have 4 bedrooms, Their price is 142 % more costly than the average. After that we have properties with 3 bedrooms priced at $269,698.
With regard to the average price per m² , those properties with 1 bedroom are the most costly ones at a cost of $375 / m², with an average $210 / m² price in Russell Island. The properties with the highest average prices have 4 bedrooms. They are 135 % more expensive than the average followed by properties with 3 bedrooms with a price at $444 / m².
The graph displaying the average prices displays the property type "Land" as the most affordable one. At an cost of $145,842 it is 71 % cheaper than the average price in Russell Island. "Vacant Land" is seen as the second most affordable property type. The dearest property type is "House" followed by "Vacant Land". At a price of $130,546 it is 85 % more expensive than the average price.
According to the average cost per m², the cheapest property type is "Land" at an average cost of $58 / m² followed by "Vacant Land" priced at $183 / m². "House" is the most costly type of property with a $430 / m² cost followed by "Vacant Land" with an average price of $183 / m².