The rent prices in real estate in Canley Vale, 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 Canley Vale has risen strongly during the last 6 months. In November, the average price per m² was . In the following month the price per m² rose considerably to $0.59. The price for the following two months in (January, February) had a considerable rise of 193 %. The price per m² has had a considerable rise of 147 % 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 $0.43 to $0.63 during March, and April.
When referring to the price in Canley Vale (suburbs), this has risen considerably in the last 6 months. The average price during our first sample month during November, is . During December the price went through a considerable rise reaching $392. During the following two months (January, February) the average price had a considerable rise of 194 % 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 168 % during the last two months.
The graph displaying the average rent price for bedrooms illustrates that those properties with 2 bedrooms are the most affordable ones. At a price of $500 they are 49 % more affordable than the average price for Canley Vale . The properties with the highest average price have 4 bedrooms, Their price is 52 % more expensive than the average. After that we have properties with 3 bedrooms priced at $549.
With regard to the average price per m², those properties with 2 bedrooms are the most affordable ones at a cost of $0.54 / m², with an average $0.65 / m² price in Canley Vale. The properties with the most expensive average prices have 1 bedroom. They are 62 % more expensive than the average followed by properties with 4 bedrooms with a price at $0.72 / m².
The graph displaying the average rent prices displays the property type "Apartment" as the most affordable one. At an cost of $500 it is 46 % more affordable than the average price in Canley Vale. "Condo" is seen as the second most affordable property type. The most expensive property type is "House" followed by "Condo". At a price of $360 it is 38 % more expensive than the average price.
According to the average cost per m², the most affordable property is "Condo" at an average price of $0.31 / m² followed by "Apartment" priced at $0.63 / m². "House" is the most expensive type of property with a $0.72 / m² value followed by "Apartment" with an average price of $0.63 / m².