The rent prices in real estate in Baulkham Hills, 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 Baulkham Hills has had a strong fall during the last 6 months. In October, the average price per m² was $3.3. In the following month the price per m² fell considerably to $2.24. The price for the following two months in (December, January) had a considerable fall of 33 with regard to the previous two months. The price per m² has had a considerable fall of 48 % 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 $1.85 to $0.88 during February, and March.
When referring to the price in Baulkham Hills (suburbs), there have hardly been any changes in the last 6 months. The rent price in October is $752, rising in November till $798. During the following two months (December, January) the average price fell 94 % with regard to the previous two months. During the last two months, the average price has fallen with regard to the previous ones. To be precise it has fallen 90 %, going from $753.5 to $681 in 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 $682 they are 19 % more affordable than the average price for Baulkham Hills . The properties with the highest average price have 4 bedrooms, Their price is 20 % more expensive than the average. After that we have properties with 3 bedrooms priced at $656.
With regard to the average price per m², those properties with 4 bedrooms are the most affordable ones at a cost of $0.73 / m², with an average $0.89 / m² price in Baulkham Hills. The properties with the most expensive average prices have 1 bedroom. They are 87 % more expensive than the average followed by properties with 2 bedrooms with a price at $1.08 / m².
The graph displaying the average rent prices displays the property type "Condo" as the most affordable one. At an cost of $682 it is 16 % more affordable than the average price in Baulkham Hills. "Apartment" is seen as the second most affordable property type. The most expensive property type is "Office" followed by "House". At a price of $742 it is 3238 % more expensive than the average price.
According to the average cost per m², the most affordable property is "Condo" at an average price of $0.73 / m² followed by "House" priced at $0.83 / m². "Office" is the most expensive type of property with a $385.97 / m² value followed by "Apartment" with an average price of $1.08 / m².