Property prices for rent in Fortitude Valley (Queensland)

The rent prices in real estate in Fortitude Valley, 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.

$16,724.17
Average price last 6 months
$385.23
Price/m² last 6 months
Average price per m2

The price per m² in Fortitude Valley has risen strongly during the last 6 months. In July, the average price per m² was $251.32. In the following month the price per m² rose considerably to $361.44. The price for the following two months in (September, October) had a considerable rise of 120 %. The price per m² has had a considerable rise of 143 % 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 $336.53 to $482.61 during November, and December.

Average price

When referring to the price in Fortitude Valley (suburbs), this has risen considerably in the last 6 months. The average price during our first sample month during July, is $9,930. During August the price went through a considerable rise reaching $20,735. During the following two months (September, October) the price has had an average rise from $15,332.5 to $17,548.5. Based on an analysis of the first four prices and the last two months the average price has increased 105 % during the last two months.

Average price per bedrooms

The graph displaying the average rent price for bedrooms illustrates that those properties with 3 bedrooms are the most affordable ones. At a price of $17,541 they are 97 % more affordable than the average price for Fortitude Valley . The properties with the lowest average price have 4 bedrooms, Their price is 33 % more affordable than the average. After that we have properties with 1 bedroom priced at $3,754.

With regard to the average price per m², those properties with 1 bedroom are the most affordable ones at a cost of $81 / m², with an average $401.87 / m² price in Fortitude Valley. The properties with the most affordable average prices have 4 bedrooms. They are 59 % more affordable than the average followed by properties with 1 bedroom with a price at $81 / m².

Price per property type

With regard to the average price based on the property in Fortitude Valley we can see that the most affordable type of property is "Apartment" at $11,820, which is 33 % cheaper than the average price. "Apartment" has the most affordable price. This price is 33 % more affordable than the average price aforementioned.

According to the average area price by m² the most affordable property type is "Apartment with an average cost of $165 / m². "Apartment" with an average price of $165 / m² has the most affordable price and would be directed at less affluent cities.

Charts data
Average price December
Average price per m² December
Number of properties used in Fortitude Valley
Number of properties used in region Queensland
$17,541
$401.87
176
27,468
** Graph's data with null or zero value are due to there isn't enough data available to get a reliable value
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