The rent prices in real estate in Townsville City, in the Queensland region have slightly fallen in the last couple of months. There has been a fall in the rent prices in this city.
The price per m² in Townsville City has fallen during the last 6 months. In November, the average price per m² was $127.53. In the following month the price per m² rose considerably to $152.64. In the following two months the price per m² has risen 114 %, going from $140.09 to $159.07 per m². The price per m² has had a considerable fall of 41 % 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 $149.58 to $61.53 during March, and April.
When referring to the price in Townsville City (suburbs), this has fallen considerably in the last 6 months. The rent price in November is $15,072, rising in December till $17,066. During the following two months (January, February) the average price fell 93 % 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 $15,544 to $8,001.5, which means a 51 % fall.
The graph displaying the average rent price for bedrooms illustrates that those properties with 4 bedrooms are the most affordable ones. At a price of $4,684 they are 26 % more affordable than the average price for Townsville City . The properties with the lowest average price have 1 bedroom, Their price is 26 % more affordable than the average. After that we have properties with 4 bedrooms priced at $3,463.
With regard to the average price per m², those properties with 4 bedrooms are the most affordable ones at a cost of $33 / m², with an average $41.3 / m² price in Townsville City. The properties with the most affordable average prices have 1 bedroom. They are 8 % more affordable than the average followed by properties with 4 bedrooms with a price at $33 / m².
With regard to the average price based on the property in Townsville City we can see that the most affordable type of property is "Apartment" at $3,463, which is 26 % cheaper than the average price. "Apartment" has the most affordable price. This price is 26 % more affordable than the average price aforementioned.
According to the average area price by m² the most affordable property type is "Apartment with an average cost of $33 / m². "Apartment" with an average price of $33 / m² has the most affordable price and would be directed at less affluent cities.