The rent prices in real estate in Kensington, in the New South Wales region have slightly risen in the last couple of months. There has been a rise in the rent prices in this city.
The price per m² in Kensington has risen during the last 6 months. In October, the average price per m² was $1.18. In November this price barely changed remaining at $1.16 per m². In the following two months the price per m² has risen 113 %, going from $1.17 to $1.33 per m². 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 $1.25 to $1.27 during February y March
When referring to the price in Kensington (suburbs), there have hardly been any changes in the last 6 months. In our first sample month during October, the average price is $696. In November This price remains at $689. In the following two months the average price has hardly changed with regard to the previous two months from $692.5 to $667.5. During the last two months, the average price has barely gone through any changes with regard to the previous average values going from an average value of $680 and $709.5 between 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 $716 they are 25 % more affordable than the average price for Kensington . The properties with the highest average price have 4 bedrooms, Their price is 102 % more expensive than the average. After that we have properties with 3 bedrooms priced at $896.
With regard to the average price per m², those properties with 3 bedrooms are the most affordable ones at a cost of $1.02 / m², with an average $1.26 / m² price in Kensington. The properties with the most expensive average prices have 1 bedroom. They are 34 % more expensive than the average followed by properties with 2 bedrooms with a price at $1.31 / m².
The graph displaying the average rent prices displays the property type "Condo" as the most affordable one. At an cost of $716 it is 6 % more affordable than the average price in Kensington. "House" is seen as the second most affordable property type. The most expensive property type is "House" followed by "Condo". At a price of $671 it is 24 % more expensive than the average price.
According to the average cost per m², the most affordable property is "House" at an average price of $1.02 / m² followed by "Condo" priced at $1.34 / m². "Condo" is the most expensive type of property with a $1.34 / m² value followed by "House" with an average price of $1.02 / m².