Property prices for rent in Dunedin (Otago)
The rent prices in real estate in Dunedin, in the Otago region have slightly risen in the last couple of months. There has been a rise in the rent prices in this city.
The price per m² in Dunedin has risen during the last 6 months. In October, the average price per m² was $3.47. In November this price barely changed remaining at $3.62 per m². In the following two months the price per m² has risen 108 %, going from $3.55 to $3.83 per m². The price per m² has risen 114 % 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 $3.69 to $4.19 during February, and March.
When referring to the price in Dunedin (suburbs), there have hardly been any changes in the last 6 months. The rent price in October is $506, rising in November till $537. In the following two months the average price has hardly changed with regard to the previous two months from $521.5 to $500. During the last two months, the average price has barely gone through any changes with regard to the previous average values going from an average value of $510.75 and $498 between February and March.
The graph displaying the average rent price for bedrooms illustrates that those properties with 2 bedrooms are the most affordable ones. At a price of $495 they are 6 % more affordable than the average price for Dunedin . The properties with the highest average price have 1 bedroom, Their price is 860 % more expensive than the average. After that we have properties with 3 bedrooms priced at $518.
With regard to the average price per m², those properties with 4 bedrooms are the most affordable ones at a cost of $3.21 / m², with an average $4.19 / m² price in Dunedin. The properties with the most expensive average prices have 1 bedroom. They are 29 % more expensive than the average followed by properties with 2 bedrooms with a price at $4.79 / m².
With regard to the average price based on the property in Dunedin we can see that the least affordable type of property is "House" at $500, which is 1 % more expensive than the average price. "House" has the most expensive price. This price is 1 % more expensive than the average price aforementioned.
According to the average area price by m² the most expensive property type is "House with an average cost of $4.23 / m². "House" at an average price of $4.23 / m² has the highest price and would be directed at more affluent cities.
