Property prices for rent in Palmerston North (Oroua County)
The rent prices in real estate in Palmerston North, in the Oroua County 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 Palmerston North has risen strongly during the last 6 months. In October, the average price per m² was $0.82. In the following month the price per m² rose considerably to $1.08. The price for the following two months in (December, January) had a considerable rise of 316 %. The price per m² has had a considerable rise of 118 % 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 $1.98 to $2.34 during February, and March.
When referring to the price in Palmerston North (suburbs), this has risen considerably in the last 6 months. The average price during our first sample month during October, is $719. During November the price went through a considerable rise reaching $855. During the following two months (December, January) the average price had a considerable rise of 169 % 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 139 % during the last two months.
