Property prices for rent in Margaret River (Western Australia)
The rent prices in real estate in Margaret River, in the Western Australia region have risen considerably in the last couple of months. There has been a strong rise in the rent prices this city.
The price per m² in Margaret River has risen strongly during the last 6 months. In November, the average price per m² was $0.81. In December this price barely changed remaining at $0.8 per m². The price for the following two months in (January, February) had a considerable rise of 116 %. The price per m² has had a considerable rise of 141 % 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 $0.87 to $1.22 during March, and April.
When referring to the price in Margaret River (suburbs), this has risen considerably in the last 6 months. The rent price in November is $451, rising in December till $483. During the following two months (January, February) the price has had an average rise from $467 to $535. Based on an analysis of the first four prices and the last two months the average price has increased 107 % 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 $563 they are 38 % more affordable than the average price for Margaret River . The properties with the highest average price have 4 bedrooms, Their price is 14 % more expensive than the average. After that we have properties with 3 bedrooms priced at $636.
According to average price per property type in Margaret River, "" priced at $499 is 11 % lower than the average price ($563) in this city.
