The rent prices in real estate in Ermington, 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 Ermington has risen strongly during the last 6 months. In October, the average price per m² was $0.6. In November this price barely changed remaining at $0.6 per m². The price for the following two months in (December, January) had a considerable rise of 162 %. The price per m² has hardly changed in the last two months compared to the average price of the previous four months going from an average price of $0.79 to $0.8 during February y March
When referring to the price in Ermington (suburbs), this has risen in the last 6 months. In our first sample month during October, the average price is $532. In November This price remains at $513. During the following two months (December, January) the price has had an average rise from $522.5 to $584.5. Based on an analysis of the first four prices and the last two months the average price has increased 112 % 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 $674 they are 44 % more affordable than the average price for Ermington . The properties with the highest average price have 4 bedrooms, Their price is 1 % more expensive than the average. After that we have properties with 3 bedrooms priced at $678.
With regard to the average price per m², those properties with 4 bedrooms are the most affordable ones at a cost of $0.56 / m², with an average $0.79 / m² price in Ermington. The properties with the most expensive average prices have 1 bedroom. They are 56 % more expensive than the average followed by properties with 2 bedrooms with a price at $0.93 / m².
The graph displaying the average rent prices displays the property type "Apartment" as the most affordable one. At an cost of $674 it is 30 % more affordable than the average price in Ermington. "House" is seen as the second most affordable property type. The most expensive property type is "Condo" followed by "House". At a price of $566 it is 57 % more expensive than the average price.
According to the average cost per m², the most affordable property is "House" at an average price of $0.66 / m² followed by "Condo" priced at $0.84 / m². "Apartment" is the most expensive type of property with a $1 / m² value followed by "Condo" with an average price of $0.84 / m².