The rent prices in real estate in Parramatta, 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 Parramatta has risen strongly during the last 6 months. In September, the average price per m² was $0.91. In the following month the price per m² rose to $0.97. The price for the following two months in (November, December) had a considerable rise of 118 %. The price per m² has had a considerable rise of 119 % 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 $1.02 to $1.22 during January, and February.
When referring to the price in Parramatta (suburbs), this has risen in the last 6 months. In our first sample month during September, the average price is $494. In October This price remains at $505. During the following two months (November, December) the price has had an average rise from $499.5 to $555.5. Based on an analysis of the first four prices and the last two months the average price has increased 113 % 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 $603 they are 13 % more affordable than the average price for Parramatta . The properties with the highest average price have 4 bedrooms, Their price is 48 % more expensive than the average. After that we have properties with 3 bedrooms priced at $792.
With regard to the average price per m², those properties with 3 bedrooms are the most affordable ones at a cost of $0.92 / m², with an average $1.24 / m² price in Parramatta. The properties with the most expensive average prices have 4 bedrooms. They are 87 % more expensive than the average followed by properties with 1 bedroom with a price at $1.72 / m².
The graph displaying the average rent prices displays the property type "Apartment" as the most affordable one. At an cost of $603 it is 1 % more affordable than the average price in Parramatta. "House" is seen as the second most affordable property type. The most expensive property type is "House" followed by "Apartment". At a price of $595 it is 3064 % more expensive than the average price.
According to the average cost per m², the least affordable property would be "Apartment" at an average price of $1.26 / m² followed by "House" priced at $181 / m². "House" is the most expensive type of property with a $181 / m² value followed by "Apartment" with an average price of $1.26 / m².