The rent prices in real estate in Brisbane, 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 Brisbane has had a strong fall during the last 6 months. In June, the average price per m² was $1.78. In the following month the price per m² fell considerably to $1.29. In the following two months the price per m² has practically remained the same, going from $1.53 to $1.47 per m². The price per m² has fallen 89 % 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 $1.5 to $1.33 during October, and November.
When referring to the price in Brisbane (suburbs), there have hardly been any changes in the last 6 months. In our first sample month during June, the average price is $472. In July This price remains at $458. In the following two months the average price has hardly changed with regard to the previous two months from $465 to $448.5. 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 $456.75 and $460.5 between October and November.
The graph showing the average price for bedrooms displays the property with the most expensive price has 1 bedroom. It is 492 % more expensive than the average price of $2,801 in Brisbane. Based on the bedrooms values, properties with the most expensive rent prices are those with 1 bedroom. They are 492 % more expensive than the average aforementioned.
With regard to the average prices per m² those properties with 1 bedroom are 8089 % more expensive than the average price of ($104 / m²) in Brisbane. Properties with the most expensive price when referring to the number of bedrooms / m² are those with 1 bedroom. They are 8089 % more expensive than the average value aforementioned.
The graph displaying the average rent prices displays the property type "Townhouse" as the most affordable one. At an cost of $473 it is 27 % more affordable than the average price in Brisbane. "" is seen as the second most affordable property type. The most expensive property type is "Office" followed by "Villa". At a price of $9,294 it is 2521 % more expensive than the average price.
According to the average cost per m², the least affordable property would be "Townhouse" at an average price of $2 / m² followed by "House" priced at $104 / m². "Villa" is the most expensive type of property with a $350 / m² value followed by "Office" with an average price of $119 / m².