Property prices for rent in Northern Territory region
The average rent price in the Northern Territory region has had an strong rise in recent months. There has been a strong rise in the rent prices in this region.
The price per m² in Northern Territory has risen considerably in the last 6 months. During October, the average price per m² was $0.84. The following month (November) the price rose to $0.91 per m². In the following two months (December, January) the rent price per m² has increased notably to a 125 %. In the last two months, the price per m² has fallen 90 %. This has been obtained by comparing the price $0.98 for the first four months of the sample with regard to the previous 4 months and the price $0.88 per m² for the last two months (February, March).
When referring to the price in Northern Territory(region), this has risen considerably in the last 6 months. In the first month sample October the average price is $577. In November the price remains at $578. The price in the following months (December, January) had a strong rise of 150 % going from $577.5 to $866.5. During the last two months the price has had a considerable fall of 81 % with respect to the previous four months going from $722 a $586.
The graph displaying the the average rent price per number of bedrooms shows that those with 1 bedroom are the most affordable ones. They are 30 % cheaper than the average price in Northern Territory followed by those with 2 with an average price of $511. The most expensive properties have 4 bedrooms. They are 38 % more expensive than the average followed by those properties with 3 bedrooms priced at $624.
Based on the average price per m² those properties with 4 bedrooms are the most affordable ones with a price of $0.69 / m² being $0.86 / m² the average for Northern Territory. The properties with the highest average price are those with 1 bedroom. These are 44 % more expensive than the average followed by those with 2 bedrooms with a price of $0.95 / m².
The graph displaying the average rent price according to the property type shows "House" as the most affordable one. With an average cost of $562 it is 13 % cheaper than the average in Northern Territory. This is followed by "" with a cost of $2,502. The most expensive property type is "Office" and is 1811 % more costly than the average, followed by "" with a cost of $2,502.
Based upon the average cost per m² the most expensive property type is "House with a an average price of $0.93 / m², followed by "Office" with a price of $119.45 / m². "Office" with an average price of $119.45 / m² is the most expensive type of property followed by "House" at a price of $0.93 / m².
