Property prices for sale in Sydney (New South Wales)
The prices in real estate in Sydney, 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 Sydney has increased strongly during the last 6 months. In October, the average price per m² was $902. In November this price pretty much remained the same at a value of $903 per m². In the following two months the price per m² has barely changed, going from $902.5 to $875.5 per m². The price per m² has had a considerable increase of 474 % 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 $889 to $4,209.5 during February, and March.
Based upon to the price in Sydney (suburbs), this has gone downing the last 6 months. In our first sample month during October, the average price is $776,345. In November This price remains at $745,009. During the following two months (December, January) the average price had a considerable reduction of 75 % with regard to the previous two months. Based on an analysis of the first four prices and the last two months the average price has gone up 109 % during the last two months.
The graph displaying the average price for bedrooms illustrates that those properties with 2 bedrooms are the cheapest ones. At a price of $903,304 they are 43 % more affordable than the average price for Sydney. The properties with the highest average price have 3 bedrooms, Their price is 211 % more costly than the average. After that we have properties with 4 bedrooms priced at $874,211.
With regard to the average price per m² , those properties with 4 bedrooms are the cheapest ones at a cost of $778 / m², with an average $6,351 / m² price in Sydney. The properties with the highest average prices have 1 bedroom. They are 100 % more expensive than the average followed by properties with 3 bedrooms with a price at $9,421 / m².
The graph displaying the average prices displays the property type "Townhouse" as the most affordable one. At an cost of $903,304 it is 20 % cheaper than the average price in Sydney. "Apartment" is seen as the second most affordable property type. The dearest property type is "Terrace" followed by "Office". At a price of $1,813,591 it is 206 % more expensive than the average price.
According to the average cost per m², the cheapest property type is "Townhouse" at an average cost of $3,829 / m² followed by "House" priced at $5,290 / m². "Terrace" is the most costly type of property with a $19,396 / m² cost followed by "Office" with an average price of $16,421 / m².
