The rent prices in real estate in Pacific Fair, 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 Pacific Fair 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 $1.4. The price for the following two months in (December, January) had a considerable rise of 218 %. The price per m² has had a considerable rise of 137 % 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 $1.11 to $1.52 during February, and March.
When referring to the price in Pacific Fair (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 $1,150. During the following two months (December, January) the average price had a considerable rise of 181 % 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 126 % 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 $940 they are 45 % more affordable than the average price for Pacific Fair . The properties with the highest average price have 4 bedrooms, Their price is 56 % more expensive than the average. After that we have properties with 3 bedrooms priced at $1,209.
With regard to the average price per m², those properties with 4 bedrooms are the most affordable ones at a cost of $1.23 / m², with an average $1.47 / m² price in Pacific Fair. The properties with the most expensive average prices have 1 bedroom. They are 16 % more expensive than the average followed by properties with 2 bedrooms with a price at $1.5 / m².
The graph displaying the average rent prices displays the property type "Condo" as the most affordable one. At an cost of $940 it is 13 % more affordable than the average price in Pacific Fair. "House" is seen as the second most affordable property type. The most expensive property type is "House" followed by "Condo". At a price of $822 it is 39 % more expensive than the average price.
According to the average cost per m², the most affordable property is "House" at an average price of $1.27 / m² followed by "Condo" priced at $1.53 / m². "Condo" is the most expensive type of property with a $1.53 / m² value followed by "House" with an average price of $1.27 / m².