The rent prices in real estate in Mount Gambier, in the South Australia 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 Mount Gambier has had a strong fall during the last 6 months. In August, the average price per m² was $133.92. In the following month the price per m² fell considerably to . The price for the following two months in (October, November) had a considerable fall of 1 with regard to the previous two months. The price per m² has had a considerable fall of 1 % 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 $33.73 to $0.4 during December, and January.
When referring to the price in Mount Gambier (suburbs), this has fallen considerably in the last 6 months. The average price for August is $11,088. During September the price had a considerable fall till $700. During the following two months (October, November) the average price had a considerable fall of 6 % 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 $3,110 to $266.5, which means a 9 % 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 $285 they are 25 % more affordable than the average price for Mount Gambier . The properties with the highest average price have 1 bedroom, Their price is 1455 % more expensive than the average. After that we have properties with 4 bedrooms priced at $335.
With regard to the average prices per m² those properties with 1 bedroom are 775 % more expensive than the average price of ($7 / m²) in Mount Gambier. Properties with the most expensive price when referring to the number of bedrooms / m² are those with 1 bedroom. They are 775 % more expensive than the average value aforementioned.
The graph displaying the average rent prices displays the property type "" as the most affordable one. At an cost of $285 it is 2 % more affordable than the average price in Mount Gambier. "Vacant Land" is seen as the second most affordable property type. The most expensive property type is "Vacant Land" followed by "". At a price of $278 it is 1454 % more expensive than the average price.
According to the average area price by m² the most expensive property type is "Vacant Land with an average cost of $6 / m². "Vacant Land" at an average price of $6 / m² has the highest price and would be directed at more affluent cities.