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.