Property prices for sale in Teneriffe (Queensland)
The prices in real estate in Teneriffe, 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 Teneriffe has increased strongly during the last 6 months. In October, the average price per m² was $317. In the following month the price per m² increased considerably to $526. The price for the following two months in (December, January) had a considerable increment of 775 %. The price per m² has had a considerable deflation of 14 % 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 $1,844.25 to $262.5 during February, and March.
Based upon to the price in Teneriffe (suburbs), this has gone up considerably in the last 6 months. The price in October is $318,333, rising in November till $357,308. During the following two months (December, January) the average price had a considerable increase of 278 % 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 $637,947.5 to $165,949, which means a 26 % fall.
