Property prices for rent in Villawood (New South Wales)
The rent prices in real estate in Villawood, 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 Villawood has risen strongly during the last 6 months. In November, the average price per m² was $0.69. In the following month the price per m² rose considerably to $23.31. The price for the following two months in (January, February) had a considerable fall of 7 with regard to the previous two months. The price per m² has had a considerable fall of 12 % 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 $6.43 to $0.8 during March, and April.
When referring to the price in Villawood (suburbs), this has risen considerably in the last 6 months. The average price during our first sample month during November, is $380. During December the price went through a considerable rise reaching $5,205. During the following two months (January, February) the average price had a considerable fall of 20 % with regard to the previous two months. During the last two months the average price has fallen greatly compared to the previous four going from $1,681.25 to $541.5, which means a 32 % fall.
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 $539 they are 19 % more affordable than the average price for Villawood . The properties with the highest average price have 4 bedrooms, Their price is 42 % more expensive than the average. After that we have properties with 3 bedrooms priced at $565.
With regard to the average price per m², those properties with 3 bedrooms are the most affordable ones at a cost of $0.69 / m², with an average $0.81 / m² price in Villawood. The properties with the most expensive average prices have 1 bedroom. They are 60 % more expensive than the average followed by properties with 2 bedrooms with a price at $0.84 / m².
With regard to the average price based on the property in Villawood we can see that the most affordable type of property is "Apartment" at $469, which is 13 % cheaper than the average price. "Apartment" has the most affordable price. This price is 13 % more affordable than the average price aforementioned.
According to the average area price by m² the most expensive property type is "Apartment with an average cost of $0.84 / m². "Apartment" at an average price of $0.84 / m² has the highest price and would be directed at more affluent cities.
