The rent prices in real estate in Dunedin, in the Otago 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 Dunedin has risen strongly during the last 6 months. In December, the average price per m² was $5.92. In the following month the price per m² fell to $5.6. The price for the following two months in (February, March) had a considerable fall of 36 with regard to the previous two months. The price per m² has had a considerable rise of 491 % 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 $3.93 to $19.3 during April, and May.
When referring to the price in Dunedin (suburbs), there have hardly been any changes in the last 6 months. In our first sample month during December, the average price is $3,303. In January This price remains at $3,269. During the following two months (February, March) the average price had a considerable fall of 7 % 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 382 % during the last two months.
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 $5,419 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 ($16.19 / 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 $5,419 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 "Apartment" followed by "Townhouse". At a price of $8,286 it is 87 % more expensive than the average price.
According to the average cost per m², the most affordable property is "House" at an average price of $16.19 / m² followed by "Townhouse" priced at $20 / m². "Apartment" is the most expensive type of property with a $25 / m² value followed by "Townhouse" with an average price of $20 / m².