The rent prices in real estate in Mackay, 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 Mackay has had a strong fall during the last 6 months. In January, the average price per m² was $17.16. In the following month the price per m² fell considerably to $6.57. The price for the following two months in (March, April) had a considerable fall of 76 with regard to the previous two months. The price per m² has had a considerable fall of 8 % 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 $10.42 to $0.8 during May, and June.
When referring to the price in Mackay (suburbs), this has fallen considerably in the last 6 months. The average price for January is $3,209. During February the price had a considerable fall till $2,290. During the following two months (March, April) the average price had a considerable fall of 59 % 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 $2,185.75 to $364, which means a 17 % 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 $351 they are 36 % more affordable than the average price for Mackay . Based on the bedrooms values, properties with the most expensive rent prices are those with 4 bedrooms. They are 1824 % more expensive than the average aforementioned.
With regard to the average price per m², those properties with 2 bedrooms are the most expensive ones at a cost of $1 / m², with an average $0.61 / m² price in Mackay. Properties with the most expensive price when referring to the number of bedrooms / m² are those with 4 bedrooms. They are 1703 % more expensive than the average value aforementioned.
The graph displaying the average rent prices displays the property type "Apartment" as the most affordable one. At an cost of $351 it is 38 % more affordable than the average price in Mackay. "" is seen as the second most affordable property type. The most affordable property is "" followed by "Apartment". At a price of $218 it is 2 % more affordable than the average price.
According to the average area price by m² the most expensive property type is "Apartment with an average cost of $1 / m². "Apartment" at an average price of $1 / m² has the highest price and would be directed at more affluent cities.