The rent prices in real estate in Crabbes Creek, 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 Crabbes Creek has had a strong fall during the last 6 months. In November, the average price per m² was $1.6. In the following month the price per m² fell considerably to $1.05. The price for the following two months in (January, February) had a considerable fall of 77 with regard to the previous two months. The price per m² has fallen 88 % 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 $1.17 to $1.03 during March, and April.
When referring to the price in Crabbes Creek (suburbs), this has fallen considerably in the last 6 months. The average price for November is $1,397. During December the price had a considerable fall till $877. During the following two months (January, February) the average price had a considerable fall of 75 % with regard to the previous two months. During the last two months the average price has fallen greatly compared to the previous four going from $996 to $728.5, which means a 73 % fall.
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 $683 they are 41 % more affordable than the average price for Crabbes Creek . The properties with the highest average price have 4 bedrooms, Their price is 30 % more expensive than the average. After that we have properties with 3 bedrooms priced at $732.
With regard to the average price per m², those properties with 2 bedrooms are the most affordable ones at a cost of $0.77 / m², with an average $1.03 / m² price in Crabbes Creek. The properties with the most expensive average prices have 1 bedroom. They are 70 % more expensive than the average followed by properties with 3 bedrooms with a price at $0.83 / m².
The graph displaying the average rent prices displays the property type "Apartment" as the most affordable one. At an cost of $683 it is 39 % more affordable than the average price in Crabbes Creek. "House" is seen as the second most affordable property type. The most expensive property type is "House" followed by "Apartment". At a price of $415 it is 7 % more expensive than the average price.
According to the average cost per m², the most affordable property is "House" at an average price of $0.94 / m² followed by "Apartment" priced at $1.35 / m². "Apartment" is the most expensive type of property with a $1.35 / m² value followed by "House" with an average price of $0.94 / m².