Property prices for rent in Minchinbury (New South Wales)
The rent prices in real estate in Minchinbury, in the New South Wales region have slightly fallen in the last couple of months. There has been a fall in the rent prices in this city.
The price per m² in Minchinbury has fallen during the last 6 months. In October, the average price per m² was $0.75. In November this price barely changed remaining at $0.78 per m². The price for the following two months in (December, January) fell 92 % 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 $0.74 to $0.68 during February, and March.
When referring to the price in Minchinbury (suburbs), this has fallen considerably in the last 6 months. The average price for October is $623. During November the price had a slight fall till $549. During the following two months (December, January) the average price had a considerable fall of 83 % 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 92 %, going from $535 to $494 in 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 $492 they are 33 % more affordable than the average price for Minchinbury . The properties with the highest average price have 4 bedrooms, Their price is 23 % more expensive than the average. After that we have properties with 3 bedrooms priced at $508.
With regard to the average price per m², those properties with 4 bedrooms are the most affordable ones at a cost of $0.55 / m², with an average $0.68 / m² price in Minchinbury. The properties with the most expensive average prices have 1 bedroom. They are 62 % more expensive than the average followed by properties with 2 bedrooms with a price at $0.84 / m².
The graph displaying the average rent prices displays the property type "Apartment" as the most affordable one. At an cost of $492 it is 11 % more affordable than the average price in Minchinbury. "House" is seen as the second most affordable property type. The most expensive property type is "Condo" followed by "House". At a price of $495 it is 14 % more expensive than the average price.
According to the average cost per m², the most affordable property is "House" at an average price of $0.64 / m² followed by "Apartment" priced at $0.84 / m². "Apartment" is the most expensive type of property with a $0.84 / m² value followed by "House" with an average price of $0.64 / m².
