Property prices for rent in Homebush (New South Wales)
The rent prices in real estate in Homebush, 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 Homebush has had a strong fall during the last 6 months. In October, the average price per m² was $1.24. In the following month the price per m² fell to $1.16. The price for the following two months in (December, January) had a considerable fall of 83 with regard to the previous two months. The price per m² has fallen 89 % 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 $1.1 to $0.98 during February, and March.
When referring to the price in Homebush (suburbs), this has fallen in the last 6 months. In our first sample month during October, the average price is $658. In November This price remains at $628. During the following two months (December, January) the average price fell 88 % with regard to the previous two months. During the last two months, the average price has fallen with regard to the previous ones. To be precise it has fallen 93 %, going from $603.5 to $559 in February and March.
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 $551 they are 30 % more affordable than the average price for Homebush . The properties with the highest average price have 4 bedrooms, Their price is 269 % more expensive than the average. After that we have properties with 3 bedrooms priced at $750.
With regard to the average price per m², those properties with 3 bedrooms are the most affordable ones at a cost of $0.86 / m², with an average $0.98 / m² price in Homebush. The properties with the most expensive average prices have 4 bedrooms. They are 77 % more expensive than the average followed by properties with 1 bedroom with a price at $1.24 / m².
The graph displaying the average rent prices displays the property type "Apartment" as the most affordable one. At an cost of $551 it is 4 % more affordable than the average price in Homebush. "House" is seen as the second most affordable property type. The most expensive property type is "House" followed by "Apartment". At a price of $531 it is 36 % more expensive than the average price.
According to the average cost per m², the most affordable property is "House" at an average price of $0.85 / m² followed by "Apartment" priced at $0.97 / m². "Apartment" is the most affordable type of property with a $0.97 / m² value followed by "House" with an average price of $0.85 / m².
