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 September, the average price per m² was . In the following month the price per m² rose considerably to $22.81. The price for the following two months in (November, December) had a considerable fall of 66 with regard to the previous two months. The price per m² has had a considerable rise of 136 % 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 $9.46 to $12.88 during January, and February.
When referring to the price in Brisbane (suburbs), this has risen considerably in the last 6 months. The average price during our first sample month during September, is $481. During October the price went through a considerable rise reaching $4,594. During the following two months (November, December) the average price had a considerable fall of 72 % with regard to the previous two months. During the last two months, the average price has fallen with regard to the previous ones. To be precise it has fallen 94 %, going from $2,187 to $2,056.5 in January and February.
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 $3,462 they are 90 % more affordable than the average price for Brisbane . The properties with the lowest average price have 4 bedrooms, Their price is 84 % more affordable than the average. After that we have properties with 3 bedrooms priced at $446.
With regard to the average price per m², those properties with 4 bedrooms are the most affordable ones at a cost of $0.98 / m², with an average $21.89 / m² price in Brisbane. The properties with the most affordable average prices have 2 bedrooms. They are 60 % more affordable than the average followed by properties with 1 bedroom with a price at $4.21 / m².
The graph displaying the average rent prices displays the property type "Apartment" as the most affordable one. At an cost of $3,462 it is 88 % more affordable than the average price in Brisbane. "House" is seen as the second most affordable property type. The most expensive property type is "Land" followed by "Industrial". At a price of $17,186 it is 440 % more expensive than the average price.
According to the average cost per m², the most affordable property is "House" at an average price of $1.01 / m² followed by "Apartment" priced at $4.25 / m². "Industrial" is the most expensive type of property with a $161 / m² value followed by "Office" with an average price of $150.12 / m².