The rent prices in real estate in Annandale, 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 Annandale has risen strongly during the last 6 months. In October, the average price per m² was $0.5. In November this price barely changed remaining at $0.52 per m². The price for the following two months in (December, January) had a considerable rise of 155 %. The price per m² has had a considerable rise of 239 % 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 $0.65 to $1.55 during February, and March.
When referring to the price in Annandale (suburbs), this has risen considerably in the last 6 months. In our first sample month during October, the average price is $461. In November This price remains at $476. During the following two months (December, January) the average price had a considerable rise of 160 % with regard to the previous two months. Based on an analysis of the first four prices and the last two months the average price has had a strong increase of 146 % during the last two months.
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 $895 they are 33 % more affordable than the average price for Annandale . The properties with the highest average price have 3 bedrooms, Their price is 36 % more expensive than the average. After that we have properties with 4 bedrooms priced at $1,183.
With regard to the average price per m², those properties with 3 bedrooms are the most affordable ones at a cost of $1.43 / m², with an average $1.63 / m² price in Annandale. The properties with the most expensive average prices have 1 bedroom. They are 6 % more expensive than the average followed by properties with 2 bedrooms with a price at $1.69 / m².
The graph displaying the average rent prices displays the property type "Apartment" as the most affordable one. At an cost of $895 it is 21 % more affordable than the average price in Annandale. "House" is seen as the second most affordable property type. The most expensive property type is "House" followed by "Apartment". At a price of $703 it is 13 % more expensive than the average price.
According to the average cost per m², the most affordable property is "House" at an average price of $1.52 / m² followed by "Apartment" priced at $2.51 / m². "Apartment" is the most expensive type of property with a $2.51 / m² value followed by "House" with an average price of $1.52 / m².