Property prices for rent in Taranaki region
The average rent price in the Taranaki 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 Taranaki has risen considerably in the last 6 months. During November, the average price per m² was $2.14. The following month (December) the price had a considerable fall reaching $1.59 per m². The following two months (January, February) went through a considerable fall of 83 % in the rent price per m² with regard to the previous two. In the last two months, the price per m² has had a significant rise of 392 %. This has been obtained by comparing the price of $1.71 for the first four months of the sample with regard to the previous 4 months and the price of $6.7 per m² for the last two months (March, April).
When referring to the price in Taranaki(region), this has risen considerably in the last 6 months. In the first month sample November the average price is $638. In December the price remains at $630. In the following two months the average price practically remained the same compared to the previous two going from $634 to $627.5. During the last two months the price has had a considerable rise of 361 % with respect to the previous four months going from $630.75 a $2,277.5.
The graph displaying the the average rent price per number of bedrooms shows that those with 1 bedroom are the most affordable ones. They are 90 % cheaper than the average price in Taranaki followed by those with 2 with an average price of $548. The most affordable properties have 4 bedrooms. They are 75 % cheaper than the average followed by those properties with 3 bedrooms priced at $644.
Based on the average price per m² those properties with 2 bedrooms are the most affordable ones with a price of $1 / m² being $9.66 / m² the average for Taranaki. The properties with the lowest average price are those with 1 bedroom. These are 69 % more affordable than the average followed by those with 3 bedrooms with a price of $2 / m².
Based on the average price per property type in Taranaki the most affordable one with a price of $662 is "House" which is 83 % more affordable than the average property. "House" has the most affordable price being 83 % cheaper than the average aforementioned.
Based upon the average price per m², the most affordable property type is "House with an average cost of $2 / m². "House" which has the lowest average price of $2 / m² would be present in a less affluent region.
