Property prices for rent in Palm Cove (Queensland)
The rent prices in real estate in Palm Cove, in the Queensland 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 Palm Cove has had a strong fall during the last 6 months. In October, the average price per m² was $2.04. In the following month the price per m² fell considerably to $1.35. The price for the following two months in (December, January) had a considerable fall of 47 with regard to the previous two months. The price per m² has had a considerable fall of 62 % 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 $1.25 to $0.78 during February, and March.
When referring to the price in Palm Cove (suburbs), this has risen in the last 6 months. The average price during our first sample month during October, is $595. During November the price went through a considerable rise reaching $718. In the following two months the average price has hardly changed with regard to the previous two months from $656.5 to $655.5. During the last two months, the average price has barely gone through any changes with regard to the previous average values going from an average value of $656 and $668.5 between February and March.
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 $688 they are 34 % more affordable than the average price for Palm Cove . The properties with the highest average price have 4 bedrooms, Their price is 15 % more expensive than the average. After that we have properties with 3 bedrooms priced at $690.
With regard to the average prices per m² those properties with 1 bedroom are 28 % more expensive than the average price of ($1 / m²) in Palm Cove. Properties with the most expensive price when referring to the number of bedrooms / m² are those with 1 bedroom. They are 28 % more expensive than the average value aforementioned.
According to average price per property type in Palm Cove, "" priced at $746 is 8 % more expensive than the average price ($688) in this city.
