The rent prices in real estate in Albion, 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 Albion has risen strongly during the last 6 months. In September, the average price per m² was $0.98. In October this price barely changed remaining at $0.99 per m². In the following two months the price per m² has risen 108 %, going from $0.99 to $1.06 per m². The price per m² has had a considerable rise of 126 % 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 $1.02 to $1.28 during January, and February.
When referring to the price in Albion (suburbs), there have hardly been any changes in the last 6 months. In our first sample month during September, the average price is $608. In October This price remains at $611. In the following two months the average price has hardly changed with regard to the previous two months from $609.5 to $593. 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 $601.25 and $592 between January and February.
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 $599 they are 12 % more affordable than the average price for Albion . Based on the bedrooms values, properties with the most expensive rent prices are those with 3 bedrooms. They are 76 % more expensive than the average aforementioned.
With regard to the average price per m², those properties with 2 bedrooms are the most affordable ones at a cost of $1.1 / m², with an average $1.33 / m² price in Albion. Properties with the most expensive price when referring to the number of bedrooms / m² are those with 1 bedroom. They are 39 % more expensive than the average value aforementioned.