Property prices for rent in Bondi (New South Wales)
The rent prices in real estate in Bondi, 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 Bondi has risen strongly during the last 6 months. In October, the average price per m² was $1.85. In November this price barely changed remaining at $1.89 per m². The price for the following two months in (December, January) had a considerable rise of 125 %. The price per m² has risen 113 % 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 $2.1 to $2.37 during February, and March.
When referring to the price in Bondi (suburbs), this has risen in the last 6 months. In our first sample month during October, the average price is $1,037. In November This price remains at $1,044. During the following two months (December, January) the average price had a considerable rise of 118 % 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 increased 106 % 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 $1,207 they are 36 % more affordable than the average price for Bondi . The properties with the highest average price have 4 bedrooms, Their price is 154 % more expensive than the average. After that we have properties with 3 bedrooms priced at $1,983.
With regard to the average price per m², those properties with 3 bedrooms are the most affordable ones at a cost of $2.27 / m², with an average $2.34 / m² price in Bondi. The properties with the most expensive average prices have 4 bedrooms. They are 9 % more expensive than the average followed by properties with 1 bedroom with a price at $2.47 / m².
The graph displaying the average rent prices displays the property type "Apartment" as the most affordable one. At an cost of $1,207 it is 14 % more affordable than the average price in Bondi. "Condo" is seen as the second most affordable property type. The most expensive property type is "House" followed by "Condo". At a price of $2,303 it is 92 % more expensive than the average price.
According to the average cost per m², the most affordable property is "Apartment" at an average price of $2.33 / m² followed by "House" priced at $2.43 / m². "Condo" is the most expensive type of property with a $2.58 / m² value followed by "House" with an average price of $2.43 / m².
