The rent prices in real estate in Invermay, in the Tasmania 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 Invermay has had a strong fall during the last 6 months. In October, the average price per m² was $42.17. In the following month the price per m² fell to $38.88. The price for the following two months in (December, January) had a considerable fall of 8 with regard to the previous two months. The price per m² has had a considerable fall of 3 % 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 $21.98 to $0.62 during February, and March.
When referring to the price in Invermay (suburbs), this has fallen considerably in the last 6 months. The average price for October is $28,590. During November the price had a slight fall till $26,431. During the following two months (December, January) the average price had a considerable fall of 11 % 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 $15,215.25 to $433.5, which means a 3 % 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 $435 they are 39 % more affordable than the average price for Invermay . The properties with the highest average price have 4 bedrooms, Their price is 23 % more expensive than the average. After that we have properties with 3 bedrooms priced at $452.
With regard to the average price per m², those properties with 3 bedrooms are the most affordable ones at a cost of $0.55 / m², with an average $0.64 / m² price in Invermay. The properties with the most expensive average prices have 2 bedrooms. They are 33 % more expensive than the average followed by properties with 1 bedroom with a price at $0.82 / m².
The graph displaying the average rent prices displays the property type "Apartment" as the most affordable one. At an cost of $435 it is 18 % more affordable than the average price in Invermay. "House" is seen as the second most affordable property type. The most expensive property type is "House" followed by "Apartment". At a price of $355 it is 6 % more expensive than the average price.
According to the average cost per m², the most affordable property is "House" at an average price of $0.6 / m² followed by "Apartment" priced at $0.75 / m². "Apartment" is the most expensive type of property with a $0.75 / m² value followed by "House" with an average price of $0.6 / m².