The rent prices in real estate in Wakerley, in the Queensland region have fallen considerably in the last couple of months. There has been a strong fall in the rent prices in this city.
The price per m² in Wakerley has had a strong fall during the last 6 months. In September, the average price per m² was $0.72. In October this price barely changed remaining at $0.72 per m². The price for the following two months in (November, December) fell 87 % with regard to the previous two months. The price per m² has had a considerable fall of 79 % 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 $0.68 to $0.54 during January, and February.
When referring to the price in Wakerley (suburbs), this has fallen considerably in the last 6 months. In our first sample month during September, the average price is $710. In October This price remains at $710. During the following two months (November, December) the average price had a considerable fall of 77 % 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 $630 to $363, which means a 58 % 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 $358 they are 36 % more affordable than the average price for Wakerley . The properties with the highest average price have 4 bedrooms, Their price is 45 % more expensive than the average. After that we have properties with 3 bedrooms priced at $404.
With regard to the average price per m², those properties with 4 bedrooms are the most affordable ones at a cost of $0.48 / m², with an average $0.54 / m² price in Wakerley. The properties with the most expensive average prices have 1 bedroom. They are 37 % more expensive than the average followed by properties with 2 bedrooms with a price at $0.61 / m².
The graph displaying the average rent prices displays the property type "Apartment" as the most affordable one. At an cost of $358 it is 27 % more affordable than the average price in Wakerley. "House" is seen as the second most affordable property type. The most expensive property type is "House" followed by "Apartment". At a price of $260 it is 20 % more expensive than the average price.
According to the average cost per m², the most affordable property is "House" at an average price of $0.51 / m² followed by "Apartment" priced at $0.59 / m². "Apartment" is the most expensive type of property with a $0.59 / m² value followed by "House" with an average price of $0.51 / m².