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.
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.
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.
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.
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.