The rent prices in real estate in Kingston, in the Australian Capital Territory region have slightly risen in the last couple of months. There has been a rise in the rent prices in this city.
The price per m² in Kingston has risen during the last 6 months. In October, the average price per m² was $1.3. In November this price barely changed remaining at $1.31 per m². In the following two months the price per m² has practically remained the same, going from $1.3 to $1.36 per m². The price per m² has risen 112 % 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 $1.33 to $1.5 during February, and March.
When referring to the price in Kingston (suburbs), there have hardly been any changes in the last 6 months. In our first sample month during October, the average price is $658. In November This price remains at $649. In the following two months the average price has hardly changed with regard to the previous two months from $653.5 to $644.5. During the last two months, the average price has barely gone through any changes with regard to the previous average values going from an average value of $649 and $662 between February and March.
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 $664 they are 11 % more affordable than the average price for Kingston . Based on the bedrooms values, properties with the most expensive rent prices are those with 3 bedrooms. They are 53 % more expensive than the average aforementioned.
With regard to the average price per m², those properties with 3 bedrooms are the most affordable ones at a cost of $1.14 / m², with an average $1.51 / m² price in Kingston. Properties with the most expensive price when referring to the number of bedrooms / m² are those with 1 bedroom. They are 33 % more expensive than the average value aforementioned.