The rent prices in real estate in Wamberal, 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 Wamberal has had a strong fall during the last 6 months. In October, the average price per m² was $82.32. In the following month the price per m² fell considerably to $41.58. The price for the following two months in (December, January) had a considerable fall of 1 with regard to the previous two months. The price per m² has had a considerable fall of 3 % 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 $31.42 to $0.89 during February, and March.
When referring to the price in Wamberal (suburbs), this has fallen considerably in the last 6 months. The average price for October is $25,345. During November the price had a considerable fall till $13,024. During the following two months (December, January) the average price had a considerable fall of 4 % 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 $9,941.75 to $696.5, which means a 7 % 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 $709 they are 48 % more affordable than the average price for Wamberal . The properties with the highest average price have 4 bedrooms, Their price is 41 % more expensive than the average. After that we have properties with 3 bedrooms priced at $691.
With regard to the average price per m², those properties with 3 bedrooms are the most affordable ones at a cost of $0.82 / m², with an average $0.9 / m² price in Wamberal. The properties with the most expensive average prices have 1 bedroom. They are 38 % more expensive than the average followed by properties with 2 bedrooms with a price at $1.07 / m².
The graph displaying the average rent prices displays the property type "Apartment" as the most affordable one. At an cost of $709 it is 13 % more affordable than the average price in Wamberal. "Condo" is seen as the second most affordable property type. The most expensive property type is "House" followed by "Condo". At a price of $721 it is 9 % more expensive than the average price.
According to the average cost per m², the most affordable property is "Condo" at an average price of $0.77 / m² followed by "House" priced at $0.82 / m². "Apartment" is the most expensive type of property with a $1.09 / m² value followed by "House" with an average price of $0.82 / m².