The rent prices in real estate in Blue Mountain, in the Queensland region have fallen considerably in the last couple of months. There has been a strong fall in the rent prices in this city.
The price per m² in Blue Mountain has had a strong fall during the last 6 months. In October, the average price per m² was $2.1. In the following month the price per m² fell considerably to $0.73. The price for the following two months in (December, January) had a considerable fall of 41 with regard to the previous two months. The price per m² has had a considerable fall of 58 % 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 to $0.58 during February, and March.
When referring to the price in Blue Mountain (suburbs), this has fallen considerably in the last 6 months. The average price for October is $1,727. During November the price had a considerable fall till $746. During the following two months (December, January) the average price had a considerable fall of 39 % 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 $857.75 to $479.5, which means a 56 % 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 $477 they are 42 % more affordable than the average price for Blue Mountain . 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 $469.
With regard to the average price per m², those properties with 4 bedrooms are the most affordable ones at a cost of $0.52 / m², with an average $0.58 / m² price in Blue Mountain. The properties with the most expensive average prices have 1 bedroom. They are 52 % more expensive than the average followed by properties with 2 bedrooms with a price at $0.77 / m².
The graph displaying the average rent prices displays the property type "Condo" as the most affordable one. At an cost of $477 it is 20 % more affordable than the average price in Blue Mountain. "House" is seen as the second most affordable property type. The most expensive property type is "House" followed by "Condo". At a price of $382 it is 4 % more expensive than the average price.
According to the average cost per m², the most affordable property is "House" at an average price of $0.56 / m² followed by "Condo" priced at $0.66 / m². "Condo" is the most expensive type of property with a $0.66 / m² value followed by "House" with an average price of $0.56 / m².