The rent prices in real estate in Beecroft, 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 Beecroft has had a strong fall during the last 6 months. In October, the average price per m² was $1.15. In November this price barely changed remaining at $1.15 per m². The price for the following two months in (December, January) had a considerable fall of 80 with regard to the previous two months. The price per m² has fallen 89 % 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 $1.04 to $0.92 during February, and March.
When referring to the price in Beecroft (suburbs), there have hardly been any changes in the last 6 months. In our first sample month during October, the average price is $706. In November This price remains at $706. During the following two months (December, January) the price has had an average rise from $706 to $756. During the last two months, the average price has fallen with regard to the previous ones. To be precise it has fallen 92 %, going from $731 to $671.5 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 $681 they are 44 % more affordable than the average price for Beecroft . The properties with the highest average price have 4 bedrooms, Their price is 55 % more expensive than the average. After that we have properties with 2 bedrooms priced at $645.
With regard to the average price per m², those properties with 3 bedrooms are the most affordable ones at a cost of $0.75 / m², with an average $0.93 / m² price in Beecroft. The properties with the most expensive average prices have 1 bedroom. They are 22 % more expensive than the average followed by properties with 2 bedrooms with a price at $1.11 / m².
The graph displaying the average rent prices displays the property type "Apartment" as the most affordable one. At an cost of $681 it is 9 % more affordable than the average price in Beecroft. "House" is seen as the second most affordable property type. The most expensive property type is "House" followed by "Apartment". At a price of $618 it is 13 % more expensive than the average price.
According to the average cost per m², the most affordable property is "House" at an average price of $0.78 / m² followed by "Apartment" priced at $1.14 / m². "Apartment" is the most expensive type of property with a $1.14 / m² value followed by "House" with an average price of $0.78 / m².