The rent prices in real estate in Dunedin, in the Otago region have fallen considerably in the last couple of months. There has been a strong fall in the rent prices in this city.
The price per m² in Dunedin has had a strong fall during the last 6 months. In August, the average price per m² was $19.5. In the following month the price per m² rose to $21.3. In the following two months the price per m² has practically remained the same, going from $20.4 to $20.77 per m². The price per m² has had a considerable fall of 28 % 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 $20.58 to $5.76 during December, and January.
When referring to the price in Dunedin (suburbs), this has fallen considerably in the last 6 months. The average price for August is $8,761. During September the price had a slight fall till $8,304. In the following two months the average price has hardly changed with regard to the previous two months from $8,532.5 to $8,170. During the last two months the average price has fallen greatly compared to the previous four going from $8,351.25 to $3,286, which means a 39 % fall.
The graph showing the average price for bedrooms displays the property with the most affordable price has 1 bedroom. It is 0 % more affordable than the average price of $3,269 in Dunedin. Based on the bedrooms values, properties with the most affordable rent prices are those with 1 bedroom. They are 0 % more affordable than the average aforementioned.
With regard to the average prices per m² those properties with 1 bedroom are 0 % more affordable than the average price of ($5.6 / m²) in Dunedin. Properties with the most affordable price when referring to the number of bedrooms / m² are those with 1 bedroom. They are 0 % more affordable than the average value aforementioned.
The graph displaying the average rent prices displays the property type "House" as the most affordable one. At an cost of $3,269 it is 0 % more affordable than the average price in Dunedin. "Townhouse" is seen as the second most affordable property type. The most expensive property type is "Townhouse" followed by "House". At a price of $3,269 it is 154 % more expensive than the average price.
According to the average cost per m², the most affordable property is "House" at an average price of $5.6 / m² followed by "Townhouse" priced at $21 / m². "Townhouse" is the most expensive type of property with a $21 / m² value followed by "House" with an average price of $5.6 / m².