The prices in real estate in Thorneside, 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 Thorneside has increased strongly during the last 6 months. In October, the average price per m² was $253. In the following month the price per m² increased considerably to $342. The price for the following two months in (December, January) had a considerable increment of 167 %. The price per m² has had a considerable deflation of 63 % 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 $397.5 to $252 during February, and March.
Based upon to the price in Thorneside (suburbs), this has gone up considerably in the last 6 months. The average price during our first sample month during October, is $264,500. During November the price went through a considerable rise reaching $369,571. During the following two months (December, January) the average price had a considerable increase of 133 % 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 $369,934.5 to $264,235, which means a 71 % fall.