Property prices for rent in Emerald Hill (New South Wales)
The rent prices in real estate in Emerald Hill, 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 Emerald Hill 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 $0.62. The price for the following two months in (January, February) had a considerable rise of 210 %. The price per m² has had a considerable rise of 139 % 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 $0.48 to $0.67 during March, and April.
When referring to the price in Emerald Hill (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 $419. During the following two months (January, February) the average price had a considerable rise of 209 % 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 133 % 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 $429 they are 42 % more affordable than the average price for Emerald Hill . The properties with the highest average price have 4 bedrooms, Their price is 48 % more expensive than the average. After that we have properties with 3 bedrooms priced at $447.
With regard to the average price per m², those properties with 3 bedrooms are the most affordable ones at a cost of $0.53 / m², with an average $0.66 / m² price in Emerald Hill. The properties with the most expensive average prices have 2 bedrooms. They are 27 % more expensive than the average followed by properties with 1 bedroom with a price at $0.81 / m².
The graph displaying the average rent prices displays the property type "Apartment" as the most affordable one. At an cost of $429 it is 13 % more affordable than the average price in Emerald Hill. "House" is seen as the second most affordable property type. The most expensive property type is "Condo" followed by "House". At a price of $452 it is 13 % more expensive than the average price.
According to the average cost per m², the most affordable property is "Condo" at an average price of $0.53 / m² followed by "House" priced at $0.59 / m². "Apartment" is the most expensive type of property with a $0.83 / m² value followed by "House" with an average price of $0.59 / m².
