The rent prices in real estate in Stanmore, 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 Stanmore has had a strong fall during the last 6 months. In October, the average price per m² was $1.51. In November this price barely changed remaining at $1.48 per m². The price for the following two months in (December, January) had a considerable fall of 79 with regard to the previous two months. The price per m² has fallen 86 % 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 $1.34 to $1.14 during February, and March.
When referring to the price in Stanmore (suburbs), this has fallen considerably in the last 6 months. In our first sample month during October, the average price is $751. In November This price remains at $747. During the following two months (December, January) the average price had a considerable fall of 78 % 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 $668.25 to $601 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 $632 they are 27 % more affordable than the average price for Stanmore . The properties with the highest average price have 4 bedrooms, Their price is 174 % more expensive than the average. After that we have properties with 3 bedrooms priced at $758.
With regard to the average price per m², those properties with 3 bedrooms are the most affordable ones at a cost of $0.89 / m², with an average $1.2 / m² price in Stanmore. The properties with the most expensive average prices have 1 bedroom. They are 32 % more expensive than the average followed by properties with 4 bedrooms with a price at $1.4 / m².
The graph displaying the average rent prices displays the property type "Apartment" as the most affordable one. At an cost of $632 it is 33 % more affordable than the average price in Stanmore. "House" is seen as the second most affordable property type. The most expensive property type is "House" followed by "Apartment". At a price of $422 it is 78 % more expensive than the average price.
According to the average cost per m², the most affordable property is "Apartment" at an average price of $1.17 / m² followed by "House" priced at $1.24 / m². "House" is the most expensive type of property with a $1.24 / m² value followed by "Apartment" with an average price of $1.17 / m².