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 January, the average price per m² was $2.17. In the following month the price per m² rose considerably to $18.77. The price for the following two months in (March, April) had a considerable rise of 185 %. The price per m² has had a considerable rise of 117 % 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 $14.9 to $17.51 during May, and June.
When referring to the price in Brisbane (suburbs), this has risen in the last 6 months. In our first sample month during January, the average price is $438. In February This price remains at $457. During the following two months (March, April) the price has had an average rise from $447.5 to $493.5. 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 $470.5 and $467 between May and June.
The graph displaying the average rent price for bedrooms illustrates that those properties with 3 bedrooms are the most affordable ones. At a price of $473 they are 18 % more affordable than the average price for Brisbane . The properties with the lowest average price have 4 bedrooms, Their price is 7 % more affordable than the average. After that we have properties with 2 bedrooms priced at $429.
With regard to the average price per m², those properties with 2 bedrooms are the most affordable ones at a cost of $2 / m², with an average $26.77 / m² price in Brisbane. The properties with the most affordable average prices have 1 bedroom. They are 81 % more affordable than the average followed by properties with 2 bedrooms with a price at $2 / m².
The graph displaying the average rent prices displays the property type "" as the most affordable one. At an cost of $473 it is 8 % more affordable than the average price in Brisbane. "Apartment" is seen as the second most affordable property type. The most expensive property type is "Office" followed by "Villa". At a price of $9,224 it is 2501 % more expensive than the average price.
According to the average cost per m², the most affordable property is "Apartment" at an average price of $4 / m² followed by "Office" priced at $112 / m². "Villa" is the most expensive type of property with a $343 / m² value followed by "Office" with an average price of $112 / m².