The rent prices in real estate in Sandy Bay, in the Tasmania 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 Sandy Bay has risen strongly during the last 6 months. In October, the average price per m² was $1.02. In November this price barely changed remaining at $1.01 per m². The price for the following two months in (December, January) had a considerable rise of 319 %. The price per m² has had a considerable rise of 174 % 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 $2.13 to $3.69 during February, and March.
When referring to the price in Sandy Bay (suburbs), this has risen considerably in the last 6 months. In our first sample month during October, the average price is $525. In November This price remains at $529. During the following two months (December, January) the average price had a considerable rise of 341 % 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 $1,163 to $631.5, which means a 54 % fall.
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 $700 they are 48 % more affordable than the average price for Sandy Bay . The properties with the highest average price have 4 bedrooms, Their price is 14 % more expensive than the average. After that we have properties with 3 bedrooms priced at $684.
According to average price per property type in Sandy Bay, "" priced at $608 is 13 % lower than the average price ($700) in this city.