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.
The price per m² in Sydney has risen strongly during the last 6 months. In October, the average price per m² was $1.38. In the following month the price per m² rose considerably to $1.99. The price for the following two months in (December, January) had a considerable rise of 547 %. The price per m² has had a considerable rise of 135 % 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 $5.45 to $7.36 during February, and March.
When referring to the price in Sydney (suburbs), this has risen considerably in the last 6 months. The rent price in October is $786, rising in November till $882. During the following two months (December, January) the average price had a considerable rise of 136 % 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 had a strong increase of 122 % 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 $1,108 they are 31 % more affordable than the average price for Sydney . The properties with the highest average price have 4 bedrooms, Their price is 126 % more expensive than the average. After that we have properties with 3 bedrooms priced at $2,117.
With regard to the average price per m², those properties with 2 bedrooms are the most affordable ones at a cost of $2.06 / m², with an average $3.18 / m² price in Sydney. The properties with the most expensive average prices have 4 bedrooms. They are 2 % more expensive than the average followed by properties with 3 bedrooms with a price at $2.75 / m².
The graph displaying the average rent prices displays the property type "" as the most affordable one. At an cost of $1,108 it is 66 % 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 $2,554 it is 850 % more expensive than the average price.
According to the average cost per m², the most affordable property is "Apartment" at an average price of $2.3 / m² followed by "Office" priced at $7.54 / m². "Terrace" is the most expensive type of property with a $56 / m² value followed by "House" with an average price of $11.55 / m².