The rent prices in real estate in Townsville, in the Queensland 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 Townsville has risen strongly during the last 6 months. In October, the average price per m² was $0.96. In the following month the price per m² rose to $1.05. The price for the following two months in (December, January) had a considerable rise of 524 %. The price per m² has had a considerable fall of 70 % 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 $3.14 to $2.21 during February, and March.
When referring to the price in Townsville (suburbs), this has risen considerably in the last 6 months. The rent price in October is $3,089, rising in November till $3,428. During the following two months (December, January) the average price had a considerable rise of 214 % with regard to the previous two months. During the last two months the average price has fallen greatly compared to the previous four going from $5,119.25 to $1,150, which means a 22 % fall.
The graph displaying the average rent price for bedrooms illustrates that those properties with 1 bedroom are the most affordable ones. At a price of $2,300 they are 91 % more affordable than the average price for Townsville . The properties with the lowest average price have 4 bedrooms, Their price is 55 % more affordable than the average. After that we have properties with 3 bedrooms priced at $524.
With regard to the average prices per m² those properties with 4 bedrooms are 77 % more affordable than the average price of ($1 / m²) in Townsville. Properties with the most affordable price when referring to the number of bedrooms / m² are those with 4 bedrooms. They are 77 % more affordable than the average value aforementioned.
The graph displaying the average rent prices displays the property type "" as the most affordable one. At an cost of $2,300 it is 83 % more affordable than the average price in Townsville. "House" is seen as the second most affordable property type. The most expensive property type is "Office" followed by "House". At a price of $11,085 it is 655 % more expensive than the average price.
According to the average cost per m², the most affordable property is "House" at an average price of $1 / m² followed by "Office" priced at $125 / m². "Office" is the most expensive type of property with a $125 / m² value followed by "House" with an average price of $1 / m².