The rent prices in real estate in Hamilton, 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 Hamilton has risen strongly during the last 6 months. In October, the average price per m² was $1.25. In November this price barely changed remaining at $1.25 per m². The price for the following two months in (December, January) had a considerable rise of 9588 %. The price per m² has had a considerable fall of 2 % 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 $60.55 to $1 during February, and March.
When referring to the price in Hamilton (suburbs), this has risen considerably in the last 6 months. In our first sample month during October, the average price is $786. In November This price remains at $809. During the following two months (December, January) the average price had a considerable rise of 344 % with regard to the previous two months. During the last two months the average price has fallen greatly compared to the previous four going from $1,769.5 to $795, which means a 45 % fall.
The graph displaying the average rent price for bedrooms illustrates that those properties with 2 bedrooms are the most affordable ones. At a price of $792 they are 13 % more affordable than the average price for Hamilton . The properties with the highest average price have 4 bedrooms, Their price is 78 % more expensive than the average. After that we have properties with 3 bedrooms priced at $886.
With regard to the average prices per m² those properties with 1 bedroom are 100 % more expensive than the average price of ($2 / m²) in Hamilton. Properties with the most expensive price when referring to the number of bedrooms / m² are those with 1 bedroom. They are 100 % more expensive than the average value aforementioned.