Property prices for rent in Brisbane City (Queensland)
The rent prices in real estate in Brisbane City, 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 City has had a strong fall during the last 6 months. In October, the average price per m² was $34.34. In the following month the price per m² fell considerably to $9.1. The price for the following two months in (December, January) had a considerable rise of 218 %. The price per m² has had a considerable fall of 35 % 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 $34.51 to $12.24 during February, and March.
When referring to the price in Brisbane City (suburbs), this has risen considerably in the last 6 months. The average price during our first sample month during October, is $597. During November the price went through a considerable rise reaching $1,033. During the following two months (December, January) the average price had a considerable rise of 393 % 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 $2,009 to $1,423.5, which means a 71 % 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 $1,853 they are 70 % more affordable than the average price for Brisbane City . The properties with the highest average price have 4 bedrooms, Their price is 424 % more expensive than the average. After that we have properties with 3 bedrooms priced at $1,493.
With regard to the average price per m², those properties with 2 bedrooms are the most affordable ones at a cost of $6 / m², with an average $14.5 / m² price in Brisbane City. The properties with the most expensive average prices have 4 bedrooms. They are 8210 % more expensive than the average followed by properties with 1 bedroom with a price at $41 / m².
With regard to the average price based on the property in Brisbane City we can see that the least affordable type of property is "Apartment" at $9,707, which is 424 % more expensive than the average price. "Apartment" has the most expensive price. This price is 424 % more expensive than the average price aforementioned.
According to the average area price by m² the most expensive property type is "Apartment with an average cost of $1,205 / m². "Apartment" at an average price of $1,205 / m² has the highest price and would be directed at more affluent cities.
