The rent prices in real estate in Merimbula, 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 Merimbula has had a strong fall during the last 6 months. In September, the average price per m² was $0.62. In October this price barely changed remaining at $0.62 per m². The price for the following two months in (November, December) fell 87 % with regard to the previous two months. The price per m² has had a considerable fall of 0 % 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 $0.58 to during January, and February.
When referring to the price in Merimbula (suburbs), this has risen in the last 6 months. In our first sample month during September, the average price is $358. In October This price remains at $365. In the following two months the average price has hardly changed with regard to the previous two months from $361.5 to $344. Based on an analysis of the first four prices and the last two months the average price has had a strong increase of 133 % 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 $468 they are 17 % more affordable than the average price for Merimbula . The properties with the highest average price have 3 bedrooms, Their price is 18 % more expensive than the average. After that we have properties with 4 bedrooms priced at $447.
According to average price per property type in Merimbula, "" priced at $337 is 28 % lower than the average price ($468) in this city.