Property prices for rent in Southland region
The average rent price in the Southland 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 Southland has risen considerably in the last 6 months. During November, the average price per m² was $1.5. In December the price barely changed remaining at $1.56 per m². The price per m² for the following two months barely changed going from $1.53 to $1.53 per m². In the last two months, the price per m² has had a significant rise of 200 %. This has been obtained by comparing the price of $1.53 for the first four months of the sample with regard to the previous 4 months and the price of $3.07 per m² for the last two months (March, April).
When referring to the price in Southland(region), this has risen considerably in the last 6 months. In the first month sample November the average price is $423. In December the price remains at $425. In the following two months the average price practically remained the same compared to the previous two going from $424 to $437.5. During the last two months the price has had a considerable rise of 149 % with respect to the previous four months going from $430.75 a $640.
The graph displaying the average price per bedrooms shows that the property with the lowest rent price has 1 bedroom. This price is 62 % cheaper than the average cost of $291 in Southland. According to the bedrooms the most affordable properties are those with 1 bedroom. They are 62 % cheaper than the average aforementioned.
Based upon the average price of $291 per property type in Southland, "" is 62 % more affordable than the average property price($758) in this region.
