Property prices for rent in Bunbury (Western Australia)
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 October, the average price per m² was $1.15. In November this price barely changed remaining at $1.15 per m². The price for the following two months in (December, January) had a considerable fall of 80 with regard to the previous two months. The price per m² has had a considerable fall of 65 % 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 $1.04 to $0.67 during February, and March.
When referring to the price in Bunbury (suburbs), this has fallen considerably in the last 6 months. In our first sample month during October, the average price is $5,829. In November This price remains at $5,707. During the following two months (December, January) the average price had a considerable fall of 56 % 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 $4,500.75 to $560, which means a 12 % 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 $560 they are 45 % more affordable than the average price for Bunbury . The properties with the highest average price have 4 bedrooms, Their price is 14 % more expensive than the average. After that we have properties with 3 bedrooms priced at $553.
With regard to the average price per m², those properties with 4 bedrooms are the most affordable ones at a cost of $0.56 / m², with an average $0.67 / m² price in Bunbury. The properties with the most expensive average prices have 1 bedroom. They are 58 % more expensive than the average followed by properties with 2 bedrooms with a price at $0.73 / m².
The graph displaying the average rent prices displays the property type "" as the most affordable one. At an cost of $560 it is 22 % more affordable than the average price in Bunbury. "House" is seen as the second most affordable property type. The most expensive property type is "Apartment" followed by "Retail". At a price of $11,117 it is 1896 % more expensive than the average price.
According to the average cost per m², the most affordable property is "House" at an average price of $0.64 / m² followed by "Retail" priced at $59 / m². "Apartment" is the most expensive type of property with a $64 / m² value followed by "Retail" with an average price of $59 / m².
