Property prices for rent in Northern Territory region
The average rent price in the Northern Territory region has had a slight rise in recent months. There has been a rise in the rent prices in this region.
The price per m² in Northern Territory has risen in the last 6 months. During November, the average price per m² was $0.91. The following month (December) the price had a considerable rise reaching $1.1 per m². The price per m² for the following two months barely changed going from $1 to $0.99 per m². In the last two months, the price per m² has fallen 89 %. This has been obtained by comparing the price $1 for the first four months of the sample with regard to the previous 4 months and the price $0.88 per m² for the last two months (March, April).
When referring to the price in Northern Territory(region), this has risen considerably in the last 6 months. In the first month sample for November the average price is $578. During December it went through a strong rise reaching $1,054 In the following two months the average price has fallen 79 % compared to the previous two. During the last two months the price has had a considerable fall of 81 % with respect to the previous four months going from $730.25 a $592.
The graph displaying the the average rent price per number of bedrooms shows that those with 1 bedroom are the most affordable ones. They are 35 % cheaper than the average price in Northern Territory followed by those with 2 with an average price of $513. The most expensive properties have 4 bedrooms. They are 26 % more expensive than the average followed by those properties with 3 bedrooms priced at $647.
Based on the average price per m² those properties with 4 bedrooms are the most affordable ones with a price of $0.71 / m² being $0.91 / m² the average for Northern Territory. The properties with the highest average price are those with 1 bedroom. These are 43 % more expensive than the average followed by those with 2 bedrooms with a price of $0.95 / m².
The graph displaying the average rent price according to the property type shows "Apartment" as the most affordable one. With an average cost of $622 it is 12 % cheaper than the average in Northern Territory. This is followed by "House" with a cost of $667. The most expensive property type is "Office" and is 2243 % more costly than the average, followed by "" with a cost of $2,499.
Based upon the average cost per m² the most affordable property type is "House with a an average price of $0.75 / m², followed by "Apartment" with a price of $1 / m². "Office" with an average price of $172.09 / m² is the most expensive type of property followed by "Apartment" at a price of $1 / m².
