Property prices for rent in Albury (New South Wales)
The rent prices in real estate in Albury, 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 Albury has risen strongly during the last 6 months. In October, the average price per m² was $0.68. In November this price barely changed remaining at $0.68 per m². The price for the following two months in (December, January) had a considerable rise of 4383 %. The price per m² has had a considerable rise of 1900 % 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 $15.24 to $289.65 during February, and March.
When referring to the price in Albury (suburbs), this has risen considerably in the last 6 months. The average price during our first sample month during October, is $613. During November the price went through a considerable rise reaching $733. During the following two months (December, January) the average price had a considerable rise of 466 % 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 had a strong increase of 869 % 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 $19,490 they are 98 % more affordable than the average price for Albury . The properties with the lowest average price have 3 bedrooms, Their price is 96 % more affordable than the average. After that we have properties with 4 bedrooms priced at $629.
The graph displaying the average rent prices displays the property type "" as the most affordable one. At an cost of $19,490 it is 96 % more affordable than the average price in Albury. "Townhouse" is seen as the second most affordable property type. The most affordable property is "Townhouse" followed by "". At a price of $705 it is 8 % more affordable than the average price.
According to the average area price by m² the most affordable property type is "Townhouse with an average cost of $124 / m². "Townhouse" with an average price of $124 / m² has the most affordable price and would be directed at less affluent cities.
