The rent prices in real estate in Bunbury, in the Western Australia 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 Bunbury has had a strong fall during the last 6 months. In November, the average price per m² was $1.15. In December this price barely changed remaining at $1.11 per m². The price for the following two months in (January, February) had a considerable fall of 62 with regard to the previous two months. The price per m² has had a considerable fall of 72 % 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 $0.92 to $0.66 during March, and April.
When referring to the price in Bunbury (suburbs), this has fallen considerably in the last 6 months. In our first sample month during November, the average price is $5,707. In December This price remains at $5,630. During the following two months (January, February) the average price had a considerable fall of 12 % 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 $3,183.5 to $561, which means a 18 % 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 $562 they are 45 % more affordable than the average price for Bunbury . The properties with the highest average price have 4 bedrooms, Their price is 13 % more expensive than the average. After that we have properties with 3 bedrooms priced at $552.
With regard to the average prices per m² those properties with 1 bedroom are 54 % more expensive than the average price of ($1 / m²) in Bunbury. Properties with the most expensive price when referring to the number of bedrooms / m² are those with 1 bedroom. They are 54 % more expensive than the average value aforementioned.
The graph displaying the average rent prices displays the property type "" as the most expensive one. At an cost of $562 it is 2 % more expensive than the average price in Bunbury. "Retail" is seen as the second most expensive property type. The most expensive property type is "Apartment" followed by "Retail". At a price of $11,105 it is 1887 % more expensive than the average price.
According to the average cost per m², the least affordable property would be "Retail" at an average price of $58 / m² followed by "Apartment" priced at $63 / m². "Apartment" is the most expensive type of property with a $63 / m² value followed by "Retail" with an average price of $58 / m².