The rent prices in real estate in Maianbar, 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 Maianbar has had a strong fall during the last 6 months. In November, the average price per m² was $1.84. In the following month the price per m² fell considerably to $1.38. The price for the following two months in (January, February) had a considerable fall of 84 with regard to the previous two months. 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 $1.49 to $1.38 during March, and April.
When referring to the price in Maianbar (suburbs), this has fallen considerably in the last 6 months. The average price for November is $958. During December the price had a slight fall till $824. During the following two months (January, February) the average price fell 85 % 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 94 %, going from $824.25 to $774.5 in March and April.
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 $758 they are 32 % more affordable than the average price for Maianbar . The properties with the highest average price have 4 bedrooms, Their price is 138 % more expensive than the average. After that we have properties with 3 bedrooms priced at $1,040.
With regard to the average price per m², those properties with 3 bedrooms are the most affordable ones at a cost of $1.21 / m², with an average $1.37 / m² price in Maianbar. The properties with the most expensive average prices have 1 bedroom. They are 20 % more expensive than the average followed by properties with 4 bedrooms with a price at $1.51 / m².
The graph displaying the average rent prices displays the property type "Apartment" as the most affordable one. At an cost of $758 it is 14 % more affordable than the average price in Maianbar. "Condo" is seen as the second most affordable property type. The most expensive property type is "House" followed by "Condo". At a price of $1,261 it is 121 % more expensive than the average price.
According to the average cost per m², the most affordable property is "Apartment" at an average price of $1.37 / m² followed by "House" priced at $1.4 / m². "Condo" is the most expensive type of property with a $1.54 / m² value followed by "House" with an average price of $1.4 / m².