Property prices for rent in Lane Cove (New South Wales)
The rent prices in real estate in Lane Cove, in the New South Wales region have barely changed in the last couple of months. There have hardly been any changes in the rent prices in this city.
The price per m² in Lane Cove has barely changed in the last 6 months. In October, the average price per m² was $1.36. In November this price barely changed remaining at $1.38 per m². In the following two months the price per m² has risen 107 %, going from $1.37 to $1.47 per m². The price per m² has fallen 93 % 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 $1.42 to $1.32 during February, and March.
When referring to the price in Lane Cove (suburbs), this has risen considerably in the last 6 months. The rent price in October is $570, rising in November till $599. During the following two months (December, January) the average price had a considerable rise of 129 % 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 115 % 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 $757 they are 33 % more affordable than the average price for Lane Cove . The properties with the highest average price have 4 bedrooms, Their price is 133 % more expensive than the average. After that we have properties with 3 bedrooms priced at $1,023.
With regard to the average price per m², those properties with 3 bedrooms are the most affordable ones at a cost of $1.16 / m², with an average $1.3 / m² price in Lane Cove. The properties with the most expensive average prices have 1 bedroom. They are 28 % more expensive than the average followed by properties with 4 bedrooms with a price at $1.47 / m².
The graph displaying the average rent prices displays the property type "Apartment" as the most affordable one. At an cost of $757 it is 19 % more affordable than the average price in Lane Cove. "House" is seen as the second most affordable property type. The most expensive property type is "House" followed by "Apartment". At a price of $611 it is 97 % more expensive than the average price.
According to the average cost per m², the most affordable property is "Apartment" at an average price of $1.3 / m² followed by "House" priced at $1.31 / m². "House" is the most expensive type of property with a $1.31 / m² value followed by "Apartment" with an average price of $1.3 / m².
