The rent prices in real estate in Hillsdale, 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 Hillsdale has risen strongly during the last 6 months. In November, the average price per m² was $1.19. In December this price barely changed remaining at $1.24 per m². In the following two months the price per m² has risen 110 %, going from $1.22 to $1.34 per m². The price per m² has had a considerable rise of 118 % 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 $1.28 to $1.5 during March, and April.
When referring to the price in Hillsdale (suburbs), this has risen considerably in the last 6 months. The average price during our first sample month during November, is $634. During December the price went through a considerable rise reaching $745. During the following two months (January, February) the average price had a considerable rise of 123 % 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 126 % 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 $974 they are 38 % more affordable than the average price for Hillsdale . 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 $1,273.
With regard to the average price per m², those properties with 4 bedrooms are the most affordable ones at a cost of $1.34 / m², with an average $1.51 / m² price in Hillsdale. The properties with the most expensive average prices have 1 bedroom. They are 36 % more expensive than the average followed by properties with 2 bedrooms with a price at $1.48 / m².
The graph displaying the average rent prices displays the property type "Apartment" as the most affordable one. At an cost of $974 it is 15 % more affordable than the average price in Hillsdale. "Condo" is seen as the second most affordable property type. The most expensive property type is "House" followed by "Condo". At a price of $1,220 it is 62 % more expensive than the average price.
According to the average cost per m², the most affordable property is "Condo" at an average price of $1.24 / m² followed by "House" priced at $1.53 / m². "Apartment" is the most expensive type of property with a $1.54 / m² value followed by "House" with an average price of $1.53 / m².