Property prices for rent in Adelaide (South Australia)
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 March, the average price per m² was $0.87. In April this price barely changed remaining at $0.84 per m². The price for the following two months in (May, June) had a considerable rise of 102745 %. The price per m² has had a considerable fall of 0 % 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 $439.66 to $1.88 during July, and August.
When referring to the price in Adelaide (suburbs), this has risen considerably in the last 6 months. In our first sample month during March, the average price is $628. In April This price remains at $621. During the following two months (May, June) the average price had a considerable rise of 262 % 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 $1,130.25 to $307, which means a 27 % fall.
The graph displaying the average rent price for bedrooms illustrates that those properties with 4 bedrooms are the most affordable ones. At a price of $348 they are 16 % more affordable than the average price for Adelaide . The properties with the highest average price have 2 bedrooms, Their price is 18 % more expensive than the average. After that we have properties with 1 bedroom priced at $395.
With regard to the average price per m², those properties with 4 bedrooms are the most affordable ones at a cost of $0.27 / m², with an average $0.47 / m² price in Adelaide. The properties with the most expensive average prices have 1 bedroom. They are 172 % more expensive than the average followed by properties with 2 bedrooms with a price at $0.84 / m².
The graph displaying the average rent prices displays the property type "House" as the most affordable one. At an cost of $348 it is 19 % more affordable than the average price in Adelaide. "Apartment" is seen as the second most affordable property type. The most expensive property type is "Office" followed by "Townhouse". At a price of $7,780 it is 2956 % more expensive than the average price.
According to the average cost per m², the most affordable property is "House" at an average price of $0.32 / m² followed by "Vacant Land" priced at $4 / m². "Apartment" is the most expensive type of property with a $1,350 / m² value followed by "Office" with an average price of $199 / m².
