The rent prices in real estate in Indooroopilly Centre, 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 Indooroopilly Centre has had a strong fall during the last 6 months. In October, the average price per m² was $20.99. In the following month the price per m² fell considerably to $16.84. The price for the following two months in (December, January) had a considerable fall of 5 with regard to the previous two months. The price per m² has had a considerable fall of 10 % 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 $9.97 to $0.97 during February, and March.
When referring to the price in Indooroopilly Centre (suburbs), this has fallen considerably in the last 6 months. The average price for October is $11,867. During November the price had a considerable fall till $9,552. During the following two months (December, January) the average price had a considerable fall of 7 % 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 $5,703.5 to $632.5, which means a 11 % fall.
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 $628 they are 47 % more affordable than the average price for Indooroopilly Centre . The properties with the highest average price have 4 bedrooms, Their price is 37 % more expensive than the average. After that we have properties with 3 bedrooms priced at $737.
With regard to the average price per m², those properties with 4 bedrooms are the most affordable ones at a cost of $0.78 / m², with an average $0.98 / m² price in Indooroopilly Centre. The properties with the most expensive average prices have 2 bedrooms. They are 7 % more expensive than the average followed by properties with 1 bedroom with a price at $0.95 / m².
The graph displaying the average rent prices displays the property type "Apartment" as the most affordable one. At an cost of $628 it is 6 % more affordable than the average price in Indooroopilly Centre. "House" is seen as the second most affordable property type. The most expensive property type is "House" followed by "Apartment". At a price of $590 it is 21 % more expensive than the average price.
According to the average cost per m², the most affordable property is "House" at an average price of $0.9 / m² followed by "Apartment" priced at $1.03 / m². "Apartment" is the most expensive type of property with a $1.03 / m² value followed by "House" with an average price of $0.9 / m².