The prices in real estate in West End, 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 West End has increased strongly during the last 6 months. In October, the average price per m² was $306. In November this price pretty much remained the same at a value of $295 per m². The price for the following two months in (December, January) had a considerable increment of 894 %. The price per m² has had a considerable deflation of 22 % 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 $1,494 to $335.5 during February, and March.
Based upon to the price in West End (suburbs), these have remained the same in the last 6 months. The average price for October is $304,657. During November the price had a slight fall till $277,972. During the following two months (December, January) the average price had a considerable increase of 131 % 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 $336,328.75 to $265,236.5, which means a 79 % fall.
The graph displaying the average price for bedrooms illustrates that those properties with 1 bedroom are the most costly ones. At a price of $273,675 they are 17 % more expensive than the average price for West End. Following this ranking we find those properties with 2 at an average price of $354,361. The properties with the highest average price have 4 bedrooms, Their price is 173 % more costly than the average. After that we have properties with 3 bedrooms priced at $580,303.
With regard to the average price per m² , those properties with 4 bedrooms are the most costly ones at a cost of $1,462 / m², with an average $288 / m² price in West End. The properties with the highest average prices have 1 bedroom. They are 1297 % more expensive than the average followed by properties with 2 bedrooms with a price at $3,601 / m².
The graph displaying the average prices displays the property type "Apartment" as the most costly one. At an cost of $273,675 it is 38 % more expensive than the average price in West End. "House" is seen as the second dearest property type. The dearest property type is "Warehouse" followed by "House". At a price of $565,031 it is 119 % more expensive than the average price.
According to the average cost per m², the most expensive property type would be "House" at an average cost of $1,041 / m² followed by "Apartment" priced at $4,205 / m². "Warehouse" is the most costly type of property with a $5,897 / m² cost followed by "Apartment" with an average price of $4,205 / m².