The rent prices in real estate in Rhodes, 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.
The price per m² in Rhodes has had a strong fall during the last 6 months. In October, the average price per m² was $1.31. In November this price barely changed remaining at $1.28 per m². The price for the following two months in (December, January) had a considerable fall of 78 with regard to the previous two months. The price per m² has had a considerable fall of 80 % 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 $1.15 to $0.92 during February, and March.
When referring to the price in Rhodes (suburbs), this has fallen in the last 6 months. In our first sample month during October, the average price is $641. In November This price remains at $631. 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 90 %, going from $581.5 to $520.5 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 $509 they are 29 % more affordable than the average price for Rhodes . Based on the bedrooms values, properties with the most expensive rent prices are those with 3 bedrooms. They are 37 % more expensive than the average aforementioned.
With regard to the average price per m², those properties with 3 bedrooms are the most affordable ones at a cost of $0.78 / m², with an average $0.87 / m² price in Rhodes. Properties with the most expensive price when referring to the number of bedrooms / m² are those with 1 bedroom. They are 48 % more expensive than the average value aforementioned.