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 December, the average price per m² was $3. In the following month the price per m² fell to $2.8. The price for the following two months in (February, March) had a considerable rise of 442 %. The price per m² has had a considerable fall of 80 % 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 $7.86 to $6.29 during April, and May.
When referring to the price in Adelaide (suburbs), this has risen considerably in the last 6 months. In our first sample month during December, the average price is $471. In January This price remains at $491. During the following two months (February, March) the average price had a considerable rise of 562 % 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 $1,591 to $1,076.5, which means a 68 % 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 $408 they are 32 % more affordable than the average price for Adelaide . The properties with the highest average price have 4 bedrooms, Their price is 22 % more expensive than the average. After that we have properties with 3 bedrooms priced at $391.
With regard to the average price per m², those properties with 3 bedrooms are the most affordable ones at a cost of $0.9 / m², with an average $1.07 / m² price in Adelaide. The properties with the most expensive average prices have 1 bedroom. They are 167 % more expensive than the average followed by properties with 2 bedrooms with a price at $2.6 / m².
The graph displaying the average rent prices displays the property type "Apartment" as the most affordable one. At an cost of $408 it is 16 % more affordable than the average price in Adelaide. "Townhouse" is seen as the second most affordable property type. The most expensive property type is "Acreage" followed by "Retail". At a price of $13,433 it is 6069 % more expensive than the average price.
According to the average cost per m², the most affordable property is "House" at an average price of $0.91 / m² followed by "Townhouse" priced at $2.22 / m². "Retail" is the most expensive type of property with a $153.54 / m² value followed by "Acreage" with an average price of $94 / m².