Property prices for rent in Margate (Queensland)
The rent prices in real estate in Margate, in the Queensland 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 Margate has risen strongly during the last 6 months. In October, the average price per m² was . In the following month the price per m² rose considerably to $0.86. The price for the following two months in (December, January) had a considerable rise of 174 %. The price per m² has had a considerable rise of 132 % 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 $0.59 to $0.78 during February, and March.
When referring to the price in Margate (suburbs), this has risen considerably in the last 6 months. The average price during our first sample month during October, is . During November the price went through a considerable rise reaching $732. During the following two months (December, January) the average price had a considerable rise of 143 % with regard to the previous two months. Based on an analysis of the first four prices and the last two months the average price has increased 113 % 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 $504 they are 25 % more affordable than the average price for Margate . The properties with the highest average price have 4 bedrooms, Their price is 24 % more expensive than the average. After that we have properties with 3 bedrooms priced at $553.
With regard to the average price per m², those properties with 4 bedrooms are the most affordable ones at a cost of $0.55 / m², with an average $0.8 / m² price in Margate. The properties with the most expensive average prices have 1 bedroom. They are 34 % more expensive than the average followed by properties with 2 bedrooms with a price at $0.91 / m².
The graph displaying the average rent prices displays the property type "Apartment" as the most affordable one. At an cost of $504 it is 7 % more affordable than the average price in Margate. "House" is seen as the second most affordable property type. The most expensive property type is "House" followed by "Apartment". At a price of $471 it is 9 % more expensive than the average price.
According to the average cost per m², the most affordable property is "House" at an average price of $0.73 / m² followed by "Apartment" priced at $0.87 / m². "Apartment" is the most expensive type of property with a $0.87 / m² value followed by "House" with an average price of $0.73 / m².
