The rent prices in real estate in Riverwood, 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 Riverwood has risen strongly during the last 6 months. In November, the average price per m² was . In the following month the price per m² rose considerably to $0.85. The price for the following two months in (January, February) had a considerable rise of 229 %. The price per m² has had a considerable rise of 133 % 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 $0.93 during March, and April.
When referring to the price in Riverwood (suburbs), this has risen considerably in the last 6 months. The average price during our first sample month during November, is . During December the price went through a considerable rise reaching $718. During the following two months (January, February) the average price had a considerable rise of 188 % 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 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 $544 they are 42 % more affordable than the average price for Riverwood . The properties with the highest average price have 4 bedrooms, Their price is 50 % more expensive than the average. After that we have properties with 3 bedrooms priced at $547.
With regard to the average price per m², those properties with 3 bedrooms are the most affordable ones at a cost of $0.65 / m², with an average $0.88 / m² price in Riverwood. The properties with the most expensive average prices have 1 bedroom. They are 27 % more expensive than the average followed by properties with 2 bedrooms with a price at $0.95 / m².
The graph displaying the average rent prices displays the property type "Apartment" as the most affordable one. At an cost of $544 it is 17 % more affordable than the average price in Riverwood. "House" is seen as the second most affordable property type. The most expensive property type is "House" followed by "Apartment". At a price of $451 it is 5 % more expensive than the average price.
According to the average cost per m², the most affordable property is "House" at an average price of $0.68 / m² followed by "Apartment" priced at $0.95 / m². "Apartment" is the most expensive type of property with a $0.95 / m² value followed by "House" with an average price of $0.68 / m².