The rent prices in real estate in Burnie, in the Tasmania 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 Burnie has had a strong fall during the last 6 months. In September, the average price per m² was $0.7. In October this price barely changed remaining at $0.68 per m². The price for the following two months in (November, December) had a considerable fall of 72 with regard to the previous two months. The price per m² has had a considerable fall of 67 % 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 $0.59 to $0.4 during January, and February.
When referring to the price in Burnie (suburbs), this has fallen considerably in the last 6 months. In our first sample month during September, the average price is $326. In October This price remains at $326. During the following two months (November, December) the average price had a considerable fall of 80 % 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 $292.75 to $230.5, which means a 79 % 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 $247 they are 10 % more affordable than the average price for Burnie . Based on the bedrooms values, properties with the most expensive rent prices are those with 3 bedrooms. They are 62 % more expensive than the average aforementioned.
With regard to the average price per m², those properties with 3 bedrooms are the most expensive ones at a cost of $0.49 / m², with an average $0.42 / m² price in Burnie. Properties with the most expensive price when referring to the number of bedrooms / m² are those with 2 bedrooms. They are 64 % more expensive than the average value aforementioned.