The rent prices in real estate in Terrigal, 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 Terrigal has had a strong fall during the last 6 months. In September, the average price per m² was $0.95. In October this price barely changed remaining at $0.96 per m². In the following two months the price per m² has practically remained the same, going from $0.95 to $0.93 per m². The price per m² has had a considerable fall of 45 % 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 $0.94 to $0.43 during January, and February.
When referring to the price in Terrigal (suburbs), there have hardly been any changes in the last 6 months. In our first sample month during September, the average price is $673. In October This price remains at $680. In the following two months the average price has hardly changed with regard to the previous two months from $676.5 to $683. During the last two months, the average price has barely gone through any changes with regard to the previous average values going from an average value of $679.75 and $699 between January and February.
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 $698 they are 37 % more affordable than the average price for Terrigal . The properties with the highest average price have 4 bedrooms, Their price is 22 % more expensive than the average. After that we have properties with 3 bedrooms priced at $689.
According to average price per property type in Terrigal, "" priced at $752 is 8 % more expensive than the average price ($698) in this city.