The average price in the Queensland region has had a slight decrease in recent months. There has been a deflation in the prices in this region.
The price per m² in Queensland has risen in the last 6 months. During March, the average price per m² was $2,919. The following month (April) the price had a considerable increase reaching $4,263 per m². The following two months (May, June) went through a considerable deflation of 70 % in the price per m² with regard to the previous two. In the last two months, the price per m² has had a significant decrease of 52 %. This has been obtained by comparing the price of $3,045.25 for the first four months of the sample with regard to the previous 4 months and the price of $1,575.5 per m² for the last two months (July, August).
Based upon to the price in Queensland(region), this has increased considerably in the last 6 months. In the first month sample for March the average price is $647,769. During April it went through a strong inflation reaching $817,786 The average price for the following two months (May, June) increased from $732,777.5 to $785,998.5. During the last two months the average price has remained stagnant and has gone from $759,388 to $757,632 during July and August.
The graph displaying the the average price per number of bedrooms shows that those with 2 bedrooms are the cheapest ones. They are 48 % more affordable than the average price in Queensland followed by those with 1 with an average price of $399,800. The cheapest properties have 4 bedrooms. They are 14 % cheaper than the average followed by those properties with 3 bedrooms priced at $503,170.
Based on the average price per m² those properties with 4 bedrooms are the dearest ones with a price of $2,074 / m² being $1,729 / m² the average value within the Queensland region. The properties with the most expensive average price are those with 1 bedroom. These are 248 % more costly than the average followed by those with 2 bedrooms with a price of $5,380 / m².
The graph displaying the average price according to the property type shows "Warehouse" as the cheapest one. With an average cost of $749,428 it is 51 % more affordable than the average in Queensland. This is followed by "Office" with a price of $500,815. The dearest property type is "House" and is 6 % more expensive than the average, followed by "Retail" with a cost of $700,796.
Based on the average cost per m² the cheapest property type is "Office with a an average cost of $696 / m², followed by "House" with a price of $1,357 / m². "Condo" with an average price of $42,968 / m² is the most costly type of property followed by "Retail" at a price of $21,666 / m².