Property prices for rent in Sydney (New South Wales)

The rent prices in real estate in Sydney, 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.

$997
Average price last 6 months
$5.83
Price/m² last 6 months
Average price per m2

The price per m² in Sydney has risen strongly during the last 6 months. In September, the average price per m² was $1.63. In the following month the price per m² fell considerably to $1.38. The price for the following two months in (November, December) had a considerable rise of 122 %. The price per m² has had a considerable rise of 847 % 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 $1.67 to $14.14 during January, and February.

Average price

When referring to the price in Sydney (suburbs), this has risen considerably in the last 6 months. In our first sample month during September, the average price is $753. In October This price remains at $786. During the following two months (November, December) the price has had an average rise from $769.5 to $825.5. Based on an analysis of the first four prices and the last two months the average price has had a strong increase of 175 % during the last two months.

Average price per bedrooms

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 $1,287 they are 17 % more affordable than the average price for Sydney . The properties with the highest average price have 4 bedrooms, Their price is 105 % more expensive than the average. After that we have properties with 3 bedrooms priced at $1,878.

With regard to the average price per m², those properties with 2 bedrooms are the most affordable ones at a cost of $2.24 / m², with an average $11.54 / m² price in Sydney. The properties with the most expensive average prices have 1 bedroom. They are 28 % more expensive than the average followed by properties with 3 bedrooms with a price at $3.76 / m².

Price per property type

The graph displaying the average rent prices displays the property type "" as the most affordable one. At an cost of $1,287 it is 70 % more affordable than the average price in Sydney. "Office" is seen as the second most affordable property type. The most expensive property type is "Terrace" followed by "House". At a price of $2,143 it is 719 % more expensive than the average price.

According to the average cost per m², the most affordable property is "House" at an average price of $6.21 / m² followed by "Office" priced at $10.63 / m². "Terrace" is the most expensive type of property with a $57 / m² value followed by "Apartment" with an average price of $27.21 / m².

Charts data
Average price February
Average price per m² February
Number of properties used in Sydney
Number of properties used in region New South Wales
$1,287
$11.54
4,338
253,602
** Graph's data with null or zero value are due to there isn't enough data available to get a reliable value
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