Property prices for rent in Bankstown (New South Wales)
The rent prices in real estate in Bankstown, 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 Bankstown has risen strongly during the last 6 months. In October, the average price per m² was $0.79. In November this price barely changed remaining at $0.77 per m². The price for the following two months in (December, January) had a considerable rise of 124 %. The price per m² has risen 110 % 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 $0.87 to $0.96 during February, and March.
When referring to the price in Bankstown (suburbs), this has risen considerably in the last 6 months. In our first sample month during October, the average price is $449. In November This price remains at $444. During the following two months (December, January) the average price had a considerable rise of 126 % 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 117 % 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 $608 they are 42 % more affordable than the average price for Bankstown . The properties with the highest average price have 3 bedrooms, Their price is 22 % more expensive than the average. After that we have properties with 4 bedrooms priced at $716.
With regard to the average price per m², those properties with 3 bedrooms are the most affordable ones at a cost of $0.88 / m², with an average $0.94 / m² price in Bankstown. The properties with the most expensive average prices have 1 bedroom. They are 27 % more expensive than the average followed by properties with 2 bedrooms with a price at $0.93 / m².
The graph displaying the average rent prices displays the property type "" as the most affordable one. At an cost of $608 it is 20 % more affordable than the average price in Bankstown. "House" is seen as the second most affordable property type. The most expensive property type is "House" followed by "". At a price of $487 it is 2141 % more expensive than the average price.
According to the average area price by m² the most expensive property type is "House with an average cost of $96 / m². "House" at an average price of $96 / m² has the highest price and would be directed at more affluent cities.
