The rent prices in real estate in Sydney, in the New South Wales 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 Sydney has risen strongly during the last 6 months. In September, the average price per m² was $1.63. In the following month the price per m² fell considerably to $1.38. The price for the following two months in (November, December) had a considerable rise of 122 %. The price per m² has had a considerable rise of 847 % 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 $1.67 to $14.14 during January, and February.
When referring to the price in Sydney (suburbs), this has risen considerably in the last 6 months. In our first sample month during September, the average price is $753. In October This price remains at $786. During the following two months (November, December) the price has had an average rise from $769.5 to $825.5. Based on an analysis of the first four prices and the last two months the average price has had a strong increase of 175 % during the last two months.
The graph displaying the average rent price for bedrooms illustrates that those properties with 1 bedroom are the most affordable ones. At a price of $1,287 they are 17 % more affordable than the average price for Sydney . The properties with the highest average price have 4 bedrooms, Their price is 105 % more expensive than the average. After that we have properties with 3 bedrooms priced at $1,878.
With regard to the average price per m², those properties with 2 bedrooms are the most affordable ones at a cost of $2.24 / m², with an average $11.54 / m² price in Sydney. The properties with the most expensive average prices have 1 bedroom. They are 28 % more expensive than the average followed by properties with 3 bedrooms with a price at $3.76 / m².
The graph displaying the average rent prices displays the property type "" as the most affordable one. At an cost of $1,287 it is 70 % more affordable than the average price in Sydney. "Office" is seen as the second most affordable property type. The most expensive property type is "Terrace" followed by "House". At a price of $2,143 it is 719 % more expensive than the average price.
According to the average cost per m², the most affordable property is "House" at an average price of $6.21 / m² followed by "Office" priced at $10.63 / m². "Terrace" is the most expensive type of property with a $57 / m² value followed by "Apartment" with an average price of $27.21 / m².