The prices in real estate in Sunshine Coast, 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 Sunshine Coast has increased strongly during the last 6 months. In March, the average price per m² was $1,044. In the following month the price per m² increased considerably to $5,252. The price for the following two months in (May, June) had a considerable increment of 204 %. The price per m² has decreased 94 % 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 $4,787.5 to $4,506 during July, and August.
Based upon to the price in Sunshine Coast (suburbs), this has gone up considerably in the last 6 months. The average price during our first sample month during March, is $804,037. During April the price went through a considerable rise reaching $1,304,500. During the following two months (May, June) the average price had a considerable increase of 149 % 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 130 % during the last two months.
The graph displaying the average price for bedrooms illustrates that those properties with 1 bedroom are the cheapest ones. At a price of $1,690,625 they are 73 % more affordable than the average price for Sunshine Coast. The properties with the lowest average price have 4 bedrooms, Their price is 32 % cheaper than the average. After that we have properties with 3 bedrooms priced at $882,434.
With regard to the average price per m² , those properties with 4 bedrooms are the cheapest ones at a cost of $1,977 / m², with an average $3,174 / m² price in Sunshine Coast. The properties with the highest average prices have 1 bedroom. They are 139 % more expensive than the average followed by properties with 2 bedrooms with a price at $4,161 / m².
The graph displaying the average prices displays the property type "Warehouse" as the most affordable one. At an cost of $1,690,625 it is 66 % cheaper than the average price in Sunshine Coast. "Apartment" is seen as the second most affordable property type. The cheapest type property is "Acreage" followed by "House". At a price of $1,213,986 it is 1 % more affordable than the average price.
According to the average cost per m², the cheapest property type is "House" at an average cost of $2,004 / m² followed by "Warehouse" priced at $2,231 / m². "Land" is the most costly type of property with a $78,096 / m² cost followed by "Acreage" with an average price of $6,229 / m².