Property prices for rent in New South Wales region
The average rent price in the New South Wales 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 New South Wales has risen considerably in the last 6 months. During October, the average price per m² was $6.68. The following month (November) the price had a considerable rise reaching $14.59 per m². In the following two months (December, January) the rent price per m² has increased notably to a 1524 %. In the last two months, the price per m² has had a significant rise of 207 %. This has been obtained by comparing the price of $86.34 for the first four months of the sample with regard to the previous 4 months and the price of $178.88 per m² for the last two months (February, March).
When referring to the price in New South Wales(region), this has risen considerably in the last 6 months. In the first month sample for October the average price is $677. During November it went through a strong rise reaching $1,791 The price in the following months (December, January) had a strong rise of 1870 % going from $1,234 to $23,071.5. During the last two months the price has had a considerable rise of 212 % with respect to the previous four months going from $12,152.75 a $25,709.5.
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 98 % cheaper than the average price in New South Wales followed by those with 2 with an average price of $591. The most affordable properties have 4 bedrooms. They are 98 % cheaper than the average followed by those properties with 3 bedrooms priced at $642.
Based on the average price per m² those properties with 4 bedrooms are the most affordable ones with a price of $0.64 / m² being $197.87 / m² the average for New South Wales. The properties with the lowest average price are those with 1 bedroom. These are 99 % more affordable than the average followed by those with 2 bedrooms with a price of $1.16 / m².
The graph displaying the average rent price according to the property type shows "Apartment" as the most affordable one. With an average cost of $28,946 it is 98 % cheaper than the average in New South Wales. This is followed by "Condo" with a cost of $648. The most affordable property type is "Retail" and is 20 % cheaper than the average, followed by "Office" with a cost of $21,297.
Based upon the average cost per m² the most affordable property type is "House with a an average price of $0.76 / m², followed by "Condo" with a price of $0.83 / m². "Retail" with an average price of $232.22 / m² is the most expensive type of property followed by "Office" at a price of $208.32 / m².
