Property prices for rent in Northland region

The price per m² in Northland has risen considerably in the last 6 months. During October, the average price per m² was $2.46. The following month (November) the price had a considerable fall reaching $2.09 per m². In the following two months (December, January) the rent price per m² has increased notably to a 329 %. In the last two months, the price per m² has had a significant rise of 132 %. This has been obtained by comparing the price of $4.88 for the first four months of the sample with regard to the previous 4 months and the price of $6.44 per m² for the last two months (February, March).

When referring to the price in Northland(region), this has risen considerably in the last 6 months. October has an average price of $655. During Novemberthe price had a slight fall till $599. The price in the following months (December, January) had a strong rise of 141 % going from $627 to $884.5. During the last two months the average price has not gone through any changes and has gone from $755.75 to $790 during February and March.

The graph displaying the average price per bedrooms shows that the property with the lowest rent price has 1 bedroom. This price is 41 % cheaper than the average cost of $355 in Northland. According to the bedrooms the most affordable properties are those with 1 bedroom. They are 41 % 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 $606 it is 41 % cheaper than the average in Northland. This is followed by "Apartment" with a cost of $642. The most expensive property type is "Apartment" and is 6 % more costly than the average, followed by "" with a cost of $355.

Based upon the average price per m², the most affordable property type is "Apartment with an average cost of $1 / m². "Apartment" which has the lowest average price of $1 / m² would be present in a less affluent region.