Property prices for rent in Manawatu-Whanganui region
The average rent price in the Manawatu-Whanganui region has had an strong rise in recent months. There has been a strong rise in the rent prices in this region.
The price per m² in Manawatu-Whanganui has risen considerably in the last 6 months. During October, the average price per m² was $0.97. In November the price barely changed remaining at $0.99 per m². In the following two months (December, January) the rent price per m² has increased notably to a 153 %. In the last two months, the price per m² has had a significant rise of 312 %. This has been obtained by comparing the price of $1.24 for the first four months of the sample with regard to the previous 4 months and the price of $3.87 per m² for the last two months (February, March).
When referring to the price in Manawatu-Whanganui(region), this has risen considerably in the last 6 months. The average rent price in October is $553. In November the price rose to $585. The price in the following months (December, January) had a strong rise of 269 % going from $569 to $1,532. During the last two months the price has gone up 113 % compared to the previous average values going from $1,050.5 a $1,192 in February y March.
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 75 % cheaper than the average price in Manawatu-Whanganui followed by those with 4 with an average price of $593. The most affordable properties have 2 bedrooms. They are 42 % cheaper than the average followed by those properties with 3 bedrooms priced at $722.
Based on the average price per m² those properties with 1 bedroom are the most affordable ones with a price of $1 / m² being $6.03 / m² the average for Manawatu-Whanganui. The properties with the lowest average price are those with 2 bedrooms. These are 17 % more affordable than the average followed by those with 1 bedroom with a price of $1 / 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 $1,583 it is 23 % cheaper than the average in Manawatu-Whanganui. This is followed by "" with a cost of $1,471. The most affordable property type is "" and is 7 % cheaper than the average, followed by "Apartment" with a cost of $1,226.
Based upon the average price per m², the most expensive property type is "Apartment with an average cost of $7 / m². "Apartment" which has the highest average price of $7 / m² would be present in a more affluent region.
