Property prices for rent in Cardwell (Queensland)
The rent prices in real estate in Cardwell, 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 Cardwell has had a strong fall during the last 6 months. In October, the average price per m² was $0.77. In November this price barely changed remaining at $0.76 per m². In the following two months the price per m² has practically remained the same, going from $0.76 to $0.73 per m². The price per m² has had a considerable fall of 54 % 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 $0.75 to $0.41 during February, and March.
When referring to the price in Cardwell (suburbs), this has fallen in the last 6 months. In our first sample month during October, the average price is $474. In November This price remains at $474. During the following two months (December, January) the average price fell 92 % 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 $455.25 and $441.5 between February and March.
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 $456 they are 45 % more affordable than the average price for Cardwell . The properties with the highest average price have 4 bedrooms, Their price is 137 % more expensive than the average. After that we have properties with 2 bedrooms priced at $517.
According to average price per property type in Cardwell, "" priced at $362 is 21 % lower than the average price ($456) in this city.
