The rent prices in real estate in Launceston, in the Tasmania 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 Launceston has risen during the last 6 months. In October, the average price per m² was $0.76. In November this price barely changed remaining at $0.75 per m². In the following two months the price per m² has risen 107 %, going from $0.75 to $0.81 per m². The price per m² has had a considerable rise of 122 % 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 $0.78 to $0.95 during February, and March.
When referring to the price in Launceston (suburbs), this has risen in the last 6 months. In our first sample month during October, the average price is $444. In November This price remains at $445. In the following two months the average price has hardly changed with regard to the previous two months from $444.5 to $465. Based on an analysis of the first four prices and the last two months the average price has increased 114 % during the last two months.
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 $524 they are 28 % more affordable than the average price for Launceston . The properties with the highest average price have 3 bedrooms, Their price is 48 % more expensive than the average. After that we have properties with 4 bedrooms priced at $600.
With regard to the average price per m², those properties with 2 bedrooms are the most affordable ones at a cost of $0.96 / m², with an average $1.06 / m² price in Launceston. The properties with the most expensive average prices have 1 bedroom. They are 84 % more expensive than the average followed by properties with 4 bedrooms with a price at $1.19 / m².
The graph displaying the average rent prices displays the property type "" as the most expensive one. At an cost of $524 it is 2 % more expensive than the average price in Launceston. "Retail" is seen as the second most expensive property type. The most expensive property type is "Apartment" followed by "Retail". At a price of $14,792 it is 2737 % more expensive than the average price.
According to the average cost per m², the least affordable property would be "Retail" at an average price of $90 / m² followed by "Apartment" priced at $95 / m². "Apartment" is the most expensive type of property with a $95 / m² value followed by "Retail" with an average price of $90 / m².