Property prices for rent in Newtown (Queensland)
The rent prices in real estate in Newtown, in the Queensland 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 Newtown has risen during the last 6 months. In October, the average price per m² was $1.15. In the following month the price per m² fell to $1.08. The price for the following two months in (December, January) fell 92 % with regard to the previous two months. The price per m² has had a considerable rise of 153 % 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 $1.07 to $1.64 during February, and March.
When referring to the price in Newtown (suburbs), there have hardly been any changes in the last 6 months. In our first sample month during October, the average price is $623. In November This price remains at $613. During the following two months (December, January) the average price fell 94 % 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 had a strong increase of 120 % during the last two months.
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 $785 they are 28 % more affordable than the average price for Newtown . The properties with the highest average price have 1 bedroom, Their price is 231 % more expensive than the average. After that we have properties with 4 bedrooms priced at $656.
With regard to the average price per m², those properties with 2 bedrooms are the most affordable ones at a cost of $1 / m², with an average $2.09 / m² price in Newtown. The properties with the most expensive average prices have 1 bedroom. They are 4733 % more expensive than the average followed by properties with 2 bedrooms with a price at $1 / m².
The graph displaying the average rent prices displays the property type "House" as the most affordable one. At an cost of $785 it is 10 % more affordable than the average price in Newtown. "Apartment" is seen as the second most affordable property type. The most expensive property type is "Townhouse" followed by "Apartment". At a price of $1,017 it is 816 % more expensive than the average price.
According to the average cost per m², the most affordable property is "House" at an average price of $1 / m² followed by "Apartment" priced at $37 / m². "Townhouse" is the most expensive type of property with a $42 / m² value followed by "Apartment" with an average price of $37 / m².
