The rent prices in real estate in Adelaide, in the South Australia region have risen considerably in the last couple of months. There has been a strong rise in the rent prices this city.
The price per m² in Adelaide has risen strongly during the last 6 months. In October, the average price per m² was $0.94. In November this price barely changed remaining at $0.97 per m². The price for the following two months in (December, January) had a considerable rise of 172 %. The price per m² has had a considerable fall of 67 % 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 $1.3 to $0.88 during February, and March.
When referring to the price in Adelaide (suburbs), this has risen in the last 6 months. In our first sample month during October, the average price is $595. In November This price remains at $595. During the following two months (December, January) the price has had an average rise from $595 to $669. During the last two months, the average price has barely gone through any changes with regard to the previous average values going from an average value of $632 and $631.5 between February and March.
The graph displaying the average rent price for bedrooms illustrates that those properties with 2 bedrooms are the most affordable ones. At a price of $628 they are 23 % more affordable than the average price for Adelaide . The properties with the highest average price have 1 bedroom, Their price is 64 % more expensive than the average. After that we have properties with 4 bedrooms priced at $746.
With regard to the average price per m², those properties with 4 bedrooms are the most affordable ones at a cost of $0.67 / m², with an average $0.87 / m² price in Adelaide. The properties with the most expensive average prices have 1 bedroom. They are 85966 % more expensive than the average followed by properties with 2 bedrooms with a price at $0.98 / m².
The graph displaying the average rent prices displays the property type "House" as the most expensive one. At an cost of $628 it is 2 % more expensive than the average price in Adelaide. "Apartment" is seen as the second most expensive property type. The most expensive property type is "Office" followed by "Townhouse". At a price of $7,820 it is 4267 % more expensive than the average price.
According to the average cost per m², the most affordable property is "House" at an average price of $0.76 / m² followed by "Vacant Land" priced at $9 / m². "Office" is the most expensive type of property with a $137 / m² value followed by "Townhouse" with an average price of $19 / m².