The rent prices in real estate in Brisbane, 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 Brisbane has risen strongly during the last 6 months. In December, the average price per m² was $7.52. In the following month the price per m² fell considerably to $3.87. The price for the following two months in (February, March) had a considerable rise of 314 %. The price per m² has fallen 88 % 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 $11.78 to $10.34 during April, and May.
When referring to the price in Brisbane (suburbs), there have hardly been any changes in the last 6 months. The average price for December is $1,896. During January the price had a considerable fall till $651. During the following two months (February, March) the average price had a considerable rise of 220 % 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 $2,037 to $1,471, which means a 72 % 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 $2,118 they are 84 % more affordable than the average price for Brisbane . The properties with the lowest average price have 4 bedrooms, Their price is 75 % more affordable than the average. After that we have properties with 3 bedrooms priced at $427.
With regard to the average price per m², those properties with 3 bedrooms are the most affordable ones at a cost of $0.96 / m², with an average $10.89 / m² price in Brisbane. The properties with the most affordable average prices have 2 bedrooms. They are 11 % more affordable than the average followed by properties with 1 bedroom with a price at $2.71 / m².
The graph displaying the average rent prices displays the property type "Apartment" as the most affordable one. At an cost of $2,118 it is 81 % more affordable than the average price in Brisbane. "Townhouse" is seen as the second most affordable property type. The most expensive property type is "Villa" followed by "Land". At a price of $10,191 it is 711 % more expensive than the average price.
According to the average cost per m², the most affordable property is "House" at an average price of $1.23 / m² followed by "Townhouse" priced at $3.37 / m². "Villa" is the most expensive type of property with a $161 / m² value followed by "Land" with an average price of $95.7 / m².