The rent prices in real estate in Shallow Bay, 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 Shallow Bay has risen strongly during the last 6 months. In October, the average price per m² was $0.8. In November this price barely changed remaining at $0.81 per m². The price for the following two months in (December, January) had a considerable rise of 166 %. The price per m² has had a considerable rise of 3190 % 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 $1.07 to $34.21 during February, and March.
When referring to the price in Shallow Bay (suburbs), this has risen considerably in the last 6 months. In our first sample month during October, the average price is $804. In November This price remains at $803. In the following two months the average price has hardly changed with regard to the previous two months from $803.5 to $793.5. Based on an analysis of the first four prices and the last two months the average price has had a strong increase of 664 % 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 $9,800 they are 95 % more affordable than the average price for Shallow Bay . The properties with the lowest average price have 4 bedrooms, Their price is 92 % more affordable than the average. After that we have properties with 3 bedrooms priced at $793.
According to average price per property type in Shallow Bay, "" priced at $818 is 92 % lower than the average price ($9,800) in this city.