The rent prices in real estate in Normanhurst, 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 Normanhurst has risen strongly during the last 6 months. In October, the average price per m² was $0.53. In the following month the price per m² rose considerably to $0.63. The price for the following two months in (December, January) had a considerable rise of 179 %. The price per m² has had a considerable rise of 135 % 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 $0.81 to $1.09 during February, and March.
When referring to the price in Normanhurst (suburbs), this has risen considerably in the last 6 months. The average price during our first sample month during October, is $477. During November the price went through a considerable rise reaching $595. During the following two months (December, January) the average price had a considerable rise of 167 % 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 had a strong increase of 125 % 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 $898 they are 44 % more affordable than the average price for Normanhurst . The properties with the highest average price have 4 bedrooms, Their price is 24 % more expensive than the average. After that we have properties with 3 bedrooms priced at $928.
With regard to the average price per m², those properties with 4 bedrooms are the most affordable ones at a cost of $1 / m², with an average $1.11 / m² price in Normanhurst. The properties with the most expensive average prices have 1 bedroom. They are 44 % more expensive than the average followed by properties with 2 bedrooms with a price at $1.19 / m².
The graph displaying the average rent prices displays the property type "Apartment" as the most affordable one. At an cost of $898 it is 28 % more affordable than the average price in Normanhurst. "Condo" is seen as the second most affordable property type. The most expensive property type is "House" followed by "Condo". At a price of $842 it is 16 % more expensive than the average price.
According to the average cost per m², the most affordable property is "Condo" at an average price of $1.02 / m² followed by "House" priced at $1.03 / m². "Apartment" is the most expensive type of property with a $1.22 / m² value followed by "House" with an average price of $1.03 / m².