The rent prices in real estate in Tweed Heads, in the New South Wales 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 Tweed Heads has risen strongly during the last 6 months. In October, the average price per m² was $0.65. In November this price barely changed remaining at $0.67 per m². The price for the following two months in (December, January) had a considerable rise of 132 %. The price per m² has had a considerable rise of 137 % 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 $0.76 to $1.05 during February, and March.
When referring to the price in Tweed Heads (suburbs), this has risen considerably in the last 6 months. In our first sample month during October, the average price is $542. In November This price remains at $551. During the following two months (December, January) the price has had an average rise from $546.5 to $627. Based on an analysis of the first four prices and the last two months the average price has had a strong increase of 116 % during the last two months.
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 $702 they are 50 % more affordable than the average price for Tweed Heads . The properties with the highest average price have 4 bedrooms, Their price is 51 % more expensive than the average. After that we have properties with 3 bedrooms priced at $760.
With regard to the average price per m², those properties with 3 bedrooms are the most affordable ones at a cost of $0.87 / m², with an average $1.05 / m² price in Tweed Heads. The properties with the most expensive average prices have 2 bedrooms. They are 13 % more expensive than the average followed by properties with 1 bedroom with a price at $1.04 / m².
The graph displaying the average rent prices displays the property type "Apartment" as the most affordable one. At an cost of $702 it is 9 % more affordable than the average price in Tweed Heads. "House" is seen as the second most affordable property type. The most expensive property type is "House" followed by "Apartment". At a price of $636 it is 22 % more expensive than the average price.
According to the average cost per m², the most affordable property is "House" at an average price of $0.86 / m² followed by "Condo" priced at $1.05 / m². "Apartment" is the most expensive type of property with a $1.15 / m² value followed by "Condo" with an average price of $1.05 / m².