The rent prices in real estate in Summer Hill, in the New South Wales region have slightly risen in the last couple of months. There has been a rise in the rent prices in this city.
The price per m² in Summer Hill has risen during the last 6 months. In October, the average price per m² was $1.2. In November this price barely changed remaining at $1.2 per m². In the following two months the price per m² has practically remained the same, going from $1.2 to $1.25 per m². The price per m² has risen 109 % 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 $1.22 to $1.34 during February, and March.
When referring to the price in Summer Hill (suburbs), there have hardly been any changes in the last 6 months. In our first sample month during October, the average price is $601. In November This price remains at $621. In the following two months the average price has hardly changed with regard to the previous two months from $611 to $640.5. 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 $625.75 to $566 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 $553 they are 15 % more affordable than the average price for Summer Hill . Based on the bedrooms values, properties with the most expensive rent prices are those with 2 bedrooms. They are 39 % 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 $0.84 / m², with an average $1.4 / m² price in Summer Hill. Properties with the most expensive price when referring to the number of bedrooms / m² are those with 2 bedrooms. They are 9 % more expensive than the average value aforementioned.