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 March, the average price per m² was . In the following month the price per m² rose considerably to $22.41. In the following two months the price per m² has risen 111 %, going from $11.2 to $12.44 per m². The price per m² has had a considerable fall of 33 % 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 $11.82 to $3.85 during July, and August.
When referring to the price in Dunedin (suburbs), this has risen considerably in the last 6 months. The average price during our first sample month during March, is . During April the price went through a considerable rise reaching $7,953. During the following two months (May, June) the average price fell 91 % with regard to the previous two months. During the last two months the average price has fallen greatly compared to the previous four going from $3,804.75 to $470, which means a 12 % 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 $456 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 ($3.6 / 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 $456 it is 0 % more affordable than the average price in Dunedin. "Land" is seen as the second most affordable property type. The most expensive property type is "Resort" followed by "Land". At a price of $8,286 it is 1817 % more expensive than the average price.
According to the average cost per m², the most affordable property is "House" at an average price of $3.6 / m² followed by "Resort" priced at $18 / m². "Land" is the most expensive type of property with a $20 / m² value followed by "Resort" with an average price of $18 / m².