Property prices for sale in Kensington (New South Wales)
The prices in real estate in Kensington, in the New South Wales region have had a strong rise in the last couple of months. The real estate prices for second hand homes have gone through a strong increase in this city.
The price per m² in Kensington has increased strongly during the last 6 months. In October, the average price per m² was $449. In November this price pretty much remained the same at a value of $459 per m². The price for the following two months in (December, January) had a considerable increment of 155 %. The price per m² has had a considerable deflation of 63 % 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 $579.75 to $364.5 during February, and March.
Based upon to the price in Kensington (suburbs), this has gone up considerably in the last 6 months. In our first sample month during October, the average price is $308,729. In November This price remains at $318,828. During the following two months (December, January) the average price had a considerable increase of 165 % with regard to the previous two months. During the last two months the average price has had a strong fall compared to the previous four going from $416,128 to $258,669, which means a 62 % fall.
The graph displaying the average price for bedrooms illustrates that those properties with 1 bedroom are the cheapest ones. At a price of $245,725 they are 31 % more affordable than the average price for Kensington. The properties with the highest average price have 2 bedrooms, Their price is 26 % more costly than the average. After that we have properties with 3 bedrooms priced at $272,354.
With regard to the average price per m² , those properties with 4 bedrooms are the cheapest ones at a cost of $120 / m², with an average $330 / m² price in Kensington. The properties with the highest average prices have 2 bedrooms. They are 50 % more expensive than the average followed by properties with 1 bedroom with a price at $488 / m².
The graph displaying the average prices displays the property type "House" as the most affordable one. At an cost of $245,725 it is 36 % cheaper than the average price in Kensington. "Condo" is seen as the second most affordable property type. The dearest property type is "Condo" followed by "House". At a price of $157,511 it is 12 % more expensive than the average price.
According to the average cost per m², the cheapest property type is "House" at an average cost of $151 / m² followed by "Condo" priced at $421 / m². "Condo" is the most costly type of property with a $421 / m² cost followed by "House" with an average price of $151 / m².
