Property prices for rent in Cannon Hill (Queensland)
The rent prices in real estate in Cannon Hill, in the Queensland 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 Cannon Hill has had a strong fall during the last 6 months. In October, the average price per m² was $1.63. In the following month the price per m² rose to $1.87. The price for the following two months in (December, January) had a considerable fall of 57 with regard to the previous two months. The price per m² has had a considerable fall of 70 % 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 $1.37 to $0.96 during February, and March.
When referring to the price in Cannon Hill (suburbs), there have hardly been any changes in the last 6 months. The average price for October is $652. During November the price had a slight fall till $614. In the following two months the average price has hardly changed with regard to the previous two months from $633 to $658.5. Based on an analysis of the first four prices and the last two months the average price has increased 106 % during the last two months.
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 $680 they are 34 % more affordable than the average price for Cannon Hill . The properties with the highest average price have 4 bedrooms, Their price is 32 % more expensive than the average. After that we have properties with 3 bedrooms priced at $709.
With regard to the average price per m², those properties with 4 bedrooms are the most affordable ones at a cost of $0.81 / m², with an average $0.96 / m² price in Cannon Hill. The properties with the most expensive average prices have 1 bedroom. They are 53 % more expensive than the average followed by properties with 2 bedrooms with a price at $1.02 / m².
The graph displaying the average rent prices displays the property type "Apartment" as the most affordable one. At an cost of $680 it is 23 % more affordable than the average price in Cannon Hill. "Condo" is seen as the second most affordable property type. The most expensive property type is "House" followed by "Condo". At a price of $629 it is 18 % more expensive than the average price.
According to the average cost per m², the most affordable property is "House" at an average price of $0.89 / m² followed by "Condo" priced at $0.91 / m². "Apartment" is the most expensive type of property with a $1.11 / m² value followed by "Condo" with an average price of $0.91 / m².
