The rent prices in real estate in Cairns, in the Queensland region have risen considerably in the last couple of months. There has been a strong rise in the rent prices this city.
The price per m² in Cairns has risen strongly during the last 6 months. In September, the average price per m² was . In the following month the price per m² rose considerably to $1.68. The price for the following two months in (November, December) had a considerable rise of 138 %. The price per m² has fallen 95 % 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 to $0.94 during January, and February.
When referring to the price in Cairns (suburbs), there have hardly been any changes in the last 6 months. In our first sample month during September, the average price is $432. In October This price remains at $452. During the following two months (November, December) the average price fell 95 % with regard to the previous two months. 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 $430.25 and $411.5 between January and February.
The graph showing the average price for bedrooms displays the property with the most affordable price has 3 bedrooms. It is 10 % more affordable than the average price of $373 in Cairns. Based on the bedrooms values, properties with the most expensive rent prices are those with 4 bedrooms. They are 12 % more expensive than the average aforementioned.
With regard to the average prices per m² those properties with 3 bedrooms are 30 % more affordable than the average price of ($0.64 / m²) in Cairns. Properties with the most affordable price when referring to the number of bedrooms / m² are those with 4 bedrooms. They are 27 % more affordable than the average value aforementioned.
With regard to the average price based upon the property in Cairns we can see that the least affordable property type is "House" at a price of $440, they are 6 % more expensive than the average price of (!PRECIO2!). "House" has the most expensive price. This price is 6 % more expensive than the average price aforementioned.
According to the average area price by m² the most affordable property type is "House with an average cost of $0.65 / m². "House" with an average price of $0.65 / m² has the most affordable price and would be directed at less affluent cities.