The rent prices in real estate in Mudgee, 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 Mudgee has risen strongly during the last 6 months. In October, the average price per m² was $0.71. In November this price barely changed remaining at $0.69 per m². In the following two months the price per m² has practically remained the same, going from $0.7 to $0.7 per m². The price per m² has had a considerable rise of 409 % 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 $0.7 to $2.86 during February, and March.
When referring to the price in Mudgee (suburbs), this has risen considerably in the last 6 months. In our first sample month during October, the average price is $587. In November This price remains at $574. In the following two months the average price has hardly changed with regard to the previous two months from $580.5 to $560.5. Based on an analysis of the first four prices and the last two months the average price has had a strong increase of 158 % 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 $1,208 they are 66 % more affordable than the average price for Mudgee . The properties with the lowest average price have 4 bedrooms, Their price is 49 % more affordable than the average. After that we have properties with 3 bedrooms priced at $566.
According to average price per property type in Mudgee, "" priced at $592 is 51 % lower than the average price ($1,208) in this city.