Property prices for rent in Darwin (Northern Territory)
The rent prices in real estate in Darwin, in the Northern Territory 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 Darwin has risen strongly during the last 6 months. In October, the average price per m² was $0.89. In November this price barely changed remaining at $0.87 per m². The price for the following two months in (December, January) had a considerable rise of 115 %. The price per m² has had a considerable rise of 118 % 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 $0.95 to $1.12 during February, and March.
When referring to the price in Darwin (suburbs), this has risen in the last 6 months. In our first sample month during October, the average price is $526. In November This price remains at $519. During the following two months (December, January) the average price had a considerable rise of 115 % 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 increased 110 % 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 $616 they are 30 % more affordable than the average price for Darwin . The properties with the highest average price have 3 bedrooms, Their price is 34 % more expensive than the average. After that we have properties with 4 bedrooms priced at $769.
With regard to the average price per m², those properties with 3 bedrooms are the most affordable ones at a cost of $0.95 / m², with an average $1.12 / m² price in Darwin. The properties with the most expensive average prices have 4 bedrooms. They are 79 % more expensive than the average followed by properties with 1 bedroom with a price at $1.35 / m².
The graph displaying the average rent prices displays the property type "Apartment" as the most affordable one. At an cost of $616 it is 0 % more affordable than the average price in Darwin. "Condo" is seen as the second most affordable property type. The most expensive property type is "" followed by "Condo". At a price of $1,458 it is 604 % more expensive than the average price.
According to the average area price by m² the most affordable property type is "Apartment with an average cost of $1 / m². "Apartment" with an average price of $1 / m² has the most affordable price and would be directed at less affluent cities.
