The rent prices in real estate in Arncliffe, in the New South Wales region have fallen considerably in the last couple of months. There has been a strong fall in the rent prices in this city.
The price per m² in Arncliffe has had a strong fall during the last 6 months. In October, the average price per m² was $2.13. In the following month the price per m² fell considerably to $1.01. The price for the following two months in (December, January) fell 86 % with regard to the previous two months. The price per m² has had a considerable fall of 83 % 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 $1.46 to $1.21 during February, and March.
When referring to the price in Arncliffe (suburbs), this has risen in the last 6 months. The average price for October is $594. During November the price had a slight fall till $513. During the following two months (December, January) the average price had a considerable rise of 126 % with regard to the previous two months. During the last two months, the average price has barely gone through any changes with regard to the previous average values going from an average value of $624.75 and $651.5 between February and March.
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 $641 they are 37 % more affordable than the average price for Arncliffe . Based on the bedrooms values, properties with the most expensive rent prices are those with 3 bedrooms. They are 33 % more expensive than the average aforementioned.
With regard to the average price per m², those properties with 3 bedrooms are the most affordable ones at a cost of $0.98 / m², with an average $1.15 / m² price in Arncliffe. Properties with the most expensive price when referring to the number of bedrooms / m² are those with 1 bedroom. They are 9 % more expensive than the average value aforementioned.