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 October, the average price per m² was $1.89. In the following month the price per m² rose considerably to $3.09. The price for the following two months in (December, January) had a considerable rise of 192 %. The price per m² has had a considerable rise of 501 % 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 $3.64 to $18.23 during February, and March.
When referring to the price in Brisbane (suburbs), this has risen considerably in the last 6 months. The rent price in October is $952, rising in November till $1,062. During the following two months (December, January) the average price had a considerable rise of 150 % 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 148 % 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 $1,785 they are 50 % more affordable than the average price for Brisbane . The properties with the highest average price have 4 bedrooms, Their price is 55 % more expensive than the average. After that we have properties with 3 bedrooms priced at $1,884.
With regard to the average price per m², those properties with 3 bedrooms are the most affordable ones at a cost of $4.02 / m², with an average $5.52 / m² price in Brisbane. The properties with the most expensive average prices have 1 bedroom. They are 120 % more expensive than the average followed by properties with 4 bedrooms with a price at $9.9 / m².
The graph displaying the average rent prices displays the property type "" as the most affordable one. At an cost of $1,785 it is 77 % more affordable than the average price in Brisbane. "Apartment" is seen as the second most affordable property type. The most expensive property type is "Townhouse" followed by "Condo". At a price of $11,122 it is 561 % more expensive than the average price.
According to the average cost per m², the least affordable property would be "House" at an average price of $5.65 / m² followed by "Apartment" priced at $6.99 / m². "Villa" is the most expensive type of property with a $298 / m² value followed by "Condo" with an average price of $153 / m².