The rent prices in real estate in Withcott, 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 Withcott has risen strongly during the last 6 months. In October, the average price per m² was $1.33. In November this price barely changed remaining at $1.33 per m². The price for the following two months in (December, January) fell 89 % with regard to the previous two months. The price per m² has had a considerable rise of 239 % 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 $1.26 to $3.01 during February, and March.
When referring to the price in Withcott (suburbs), this has risen in the last 6 months. In our first sample month during October, the average price is $753. In November This price remains at $743. During the following two months (December, January) the average price had a considerable fall of 84 % with regard to the previous two months. Based on an analysis of the first four prices and the last two months the average price has had a strong increase of 151 % 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 $1,290 they are 53 % more affordable than the average price for Withcott . The properties with the highest average price have 4 bedrooms, Their price is 800 % more expensive than the average. After that we have properties with 3 bedrooms priced at $1,151.
With regard to the average prices per m² those properties with 4 bedrooms are 2986 % more expensive than the average price of ($83 / m²) in Withcott. Properties with the most expensive price when referring to the number of bedrooms / m² are those with 4 bedrooms. They are 2986 % more expensive than the average value aforementioned.
The graph displaying the average rent prices displays the property type "" as the most affordable one. At an cost of $1,290 it is 41 % more affordable than the average price in Withcott. "Townhouse" is seen as the second most affordable property type. The most expensive property type is "Townhouse" followed by "". At a price of $762 it is 506 % more expensive than the average price.
According to the average area price by m² the most expensive property type is "Townhouse with an average cost of $127 / m². "Townhouse" at an average price of $127 / m² has the highest price and would be directed at more affluent cities.