Property prices for rent in Canterbury region

The price per m² in Canterbury has fallen in the last 6 months. During October, the average price per m² was $4.03. The following month the price fell to $3.73 per m². The following two months (December, January) went through a rise of 109 % in the rent price per m² rising from $3.88 to $4.22 per m². In the last two months, the price per m² has had a significant fall of 69 %. This has been obtained by comparing the price of $4.05 for the first four months of the sample with regard to the previous 4 months and the price of $2.8 per m² for the last two months (February, March).

When referring to the price in Canterbury(region), this has risen considerably in the last 6 months. In the first month sample October the average price is $550. In November the price remains at $557. The price in the following months (December, January) had a strong rise of 199 % going from $553.5 to $1,099. During the last two months the price has had a considerable fall of 72 % with respect to the previous four months going from $826.25 a $592.5.

The graph displaying the average price per bedrooms shows that the property with the lowest rent price has 1 bedroom. This price is 32 % cheaper than the average cost of $393 in Canterbury. According to the bedrooms the most affordable properties are those with 1 bedroom. They are 32 % cheaper than the average aforementioned.

The graph displaying the average rent price according to the property type shows "" as the most affordable one. With an average cost of $575 it is 32 % cheaper than the average in Canterbury. This is followed by "Apartment" with a cost of $2,299. The most expensive property type is "Apartment" and is 300 % more costly than the average, followed by "" with a cost of $393.

Based upon the average price per m², the most expensive property type is "Apartment with an average cost of $14 / m². "Apartment" which has the highest average price of $14 / m² would be present in a more affluent region.