The rent prices in real estate in Banksia, 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 Banksia has risen strongly during the last 6 months. In October, the average price per m² was . In the following month the price per m² rose considerably to $0.94. The price for the following two months in (December, January) had a considerable rise of 282 %. The price per m² has had a considerable rise of 142 % 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 $0.9 to $1.27 during February, and March.
When referring to the price in Banksia (suburbs), this has risen considerably in the last 6 months. The average price during our first sample month during October, is . During November the price went through a considerable rise reaching $700. During the following two months (December, January) the average price had a considerable rise of 184 % 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 123 % 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 $621 they are 13 % more affordable than the average price for Banksia . 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 $1 / m², with an average $1.26 / m² price in Banksia. Properties with the most expensive price when referring to the number of bedrooms / m² are those with 1 bedroom. They are 34 % more expensive than the average value aforementioned.