The rent prices in real estate in Manly, 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 Manly has risen strongly during the last 6 months. In October, the average price per m² was $1.71. In November this price barely changed remaining at $1.78 per m². The price for the following two months in (December, January) had a considerable rise of 119 %. 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 $1.91 to $2 during February y March
When referring to the price in Manly (suburbs), this has risen considerably in the last 6 months. The rent price in October is $890, rising in November till $940. During the following two months (December, January) 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 increased 110 % 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 $1,106 they are 50 % more affordable than the average price for Manly . The properties with the highest average price have 4 bedrooms, Their price is 164 % more expensive than the average. After that we have properties with 3 bedrooms priced at $1,821.
With regard to the average price per m², those properties with 2 bedrooms are the most affordable ones at a cost of $1.77 / m², with an average $1.95 / m² price in Manly. The properties with the most expensive average prices have 4 bedrooms. They are 68 % more expensive than the average followed by properties with 3 bedrooms with a price at $2.11 / m².
The graph displaying the average rent prices displays the property type "Apartment" as the most affordable one. At an cost of $1,106 it is 17 % more affordable than the average price in Manly. "House" is seen as the second most affordable property type. The most expensive property type is "House" followed by "Apartment". At a price of $918 it is 752 % more expensive than the average price.
According to the average cost per m², the most affordable property is "Apartment" at an average price of $1.85 / m² followed by "House" priced at $107 / m². "House" is the most expensive type of property with a $107 / m² value followed by "Apartment" with an average price of $1.85 / m².