Property prices for rent in Smithfield (Queensland)
The rent prices in real estate in Smithfield, 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 Smithfield has risen strongly during the last 6 months. In October, the average price per m² was $0.59. In November this price barely changed remaining at $0.61 per m². The price for the following two months in (December, January) had a considerable rise of 119 %. The price per m² has had a considerable rise of 116 % 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 $0.66 to $0.76 during February, and March.
When referring to the price in Smithfield (suburbs), there have hardly been any changes in the last 6 months. In our first sample month during October, the average price is $588. In November This price remains at $594. In the following two months the average price has hardly changed with regard to the previous two months from $591 to $590.5. 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 $590.75 and $577 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 $575 they are 42 % more affordable than the average price for Smithfield . The properties with the highest average price have 4 bedrooms, Their price is 29 % more expensive than the average. After that we have properties with 3 bedrooms priced at $601.
With regard to the average price per m², those properties with 4 bedrooms are the most affordable ones at a cost of $0.67 / m², with an average $0.77 / m² price in Smithfield. The properties with the most expensive average prices have 1 bedroom. They are 48 % more expensive than the average followed by properties with 2 bedrooms with a price at $0.87 / m².
The graph displaying the average rent prices displays the property type "Apartment" as the most affordable one. At an cost of $575 it is 20 % more affordable than the average price in Smithfield. "House" is seen as the second most affordable property type. The most expensive property type is "House" followed by "Apartment". At a price of $460 it is 18 % more expensive than the average price.
According to the average cost per m², the most affordable property is "House" at an average price of $0.71 / m² followed by "Apartment" priced at $0.92 / m². "Apartment" is the most expensive type of property with a $0.92 / m² value followed by "House" with an average price of $0.71 / m².
