Property prices for rent in Cairns (Queensland)
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 October, the average price per m² was $0.67. In the following month the price per m² fell to $0.62. The price for the following two months in (December, January) had a considerable rise of 642 %. The price per m² has had a considerable rise of 2284 % 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 $2.39 to $54.65 during February, and March.
When referring to the price in Cairns (suburbs), this has risen considerably in the last 6 months. In our first sample month during October, the average price is $368. In November This price remains at $353. During the following two months (December, January) the average price had a considerable rise of 260 % with regard to the previous two months. Based on an analysis of the first four prices and the last two months the average price has had a strong increase of 482 % during the last two months.
The graph displaying the average rent price for bedrooms illustrates that those properties with 2 bedrooms are the most affordable ones. At a price of $2,231 they are 68 % more affordable than the average price for Cairns . The properties with the highest average price have 4 bedrooms, Their price is 82 % more expensive than the average. After that we have properties with 3 bedrooms priced at $1,718.
With regard to the average price per m², those properties with 2 bedrooms are the most affordable ones at a cost of $4 / m², with an average $39.89 / m² price in Cairns. The properties with the most affordable average prices have 1 bedroom. They are 12 % more affordable than the average followed by properties with 4 bedrooms with a price at $12 / m².
The graph displaying the average rent prices displays the property type "" as the most affordable one. At an cost of $2,231 it is 84 % more affordable than the average price in Cairns. "Apartment" is seen as the second most affordable property type. The most expensive property type is "House" followed by "Apartment". At a price of $989 it is 8 % more expensive than the average price.
According to the average cost per m², the most affordable property is "Apartment" at an average price of $4 / m² followed by "House" priced at $7 / m². "House" is the most affordable type of property with a $7 / m² value followed by "Apartment" with an average price of $4 / m².
