Property prices for rent in Mortlake (New South Wales)

The rent prices in real estate in Mortlake, 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.

$561
Average price last 6 months
$0.88
Price/m² last 6 months
Average price per m2

The price per m² in Mortlake has had a strong fall during the last 6 months. In November, the average price per m² was $1.08. In the following month the price per m² fell to $1. The price for the following two months in (January, February) had a considerable fall of 76 with regard to the previous two months. The price per m² has fallen 88 % 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 $0.92 to $0.81 during March, and April.

Average price

When referring to the price in Mortlake (suburbs), this has fallen considerably in the last 6 months. In our first sample month during November, the average price is $646. In December This price remains at $660. During the following two months (January, February) the average price had a considerable fall of 81 % with regard to the previous two months. During the last two months the average price has fallen greatly compared to the previous four going from $592.5 to $498, which means a 84 % fall.

Average price per bedrooms

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 $509 they are 41 % more affordable than the average price for Mortlake . The properties with the highest average price have 4 bedrooms, Their price is 143 % more expensive than the average. After that we have properties with 3 bedrooms priced at $773.

With regard to the average price per m², those properties with 2 bedrooms are the most affordable ones at a cost of $0.83 / m², with an average $0.87 / m² price in Mortlake. The properties with the most expensive average prices have 4 bedrooms. They are 23 % more expensive than the average followed by properties with 1 bedroom with a price at $0.99 / m².

Price per property type

The graph displaying the average rent prices displays the property type "Apartment" as the most affordable one. At an cost of $509 it is 24 % more affordable than the average price in Mortlake. "Condo" is seen as the second most affordable property type. The most expensive property type is "House" followed by "Condo". At a price of $810 it is 67 % more expensive than the average price.

According to the average cost per m², the most affordable property is "Apartment" at an average price of $0.79 / m² followed by "House" priced at $1.04 / m². "Condo" is the most expensive type of property with a $1.09 / m² value followed by "House" with an average price of $1.04 / m².

Charts data
Average price April
Average price per m² April
Number of properties used in Mortlake
Number of properties used in region New South Wales
$509
$0.87
668
211,112
** Graph's data with null or zero value are due to there isn't enough data available to get a reliable value