Property prices for rent in Willoughby (New South Wales)
The rent prices in real estate in Willoughby, 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 Willoughby has risen strongly during the last 6 months. In October, the average price per m² was $1.06. In November this price barely changed remaining at $1.09 per m². The price for the following two months in (December, January) had a considerable rise of 129 %. The price per m² has had a considerable rise of 119 % 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 $1.23 to $1.47 during February, and March.
When referring to the price in Willoughby (suburbs), this has risen considerably in the last 6 months. In our first sample month during October, the average price is $869. In November This price remains at $896. During the following two months (December, January) the average price had a considerable rise of 126 % with regard to the previous two months. 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 $995.25 and $1,029 between February and March.
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 $968 they are 38 % more affordable than the average price for Willoughby . The properties with the highest average price have 4 bedrooms, Their price is 73 % more expensive than the average. After that we have properties with 3 bedrooms priced at $1,229.
With regard to the average price per m², those properties with 2 bedrooms are the most affordable ones at a cost of $1.3 / m², with an average $1.46 / m² price in Willoughby. The properties with the most expensive average prices have 1 bedroom. They are 154 % more expensive than the average followed by properties with 3 bedrooms with a price at $1.44 / m².
The graph displaying the average rent prices displays the property type "Apartment" as the most affordable one. At an cost of $968 it is 32 % more affordable than the average price in Willoughby. "House" is seen as the second most affordable property type. The most expensive property type is "House" followed by "Apartment". At a price of $662 it is 46 % more expensive than the average price.
According to the average cost per m², the most affordable property is "Apartment" at an average price of $1.36 / m² followed by "House" priced at $1.58 / m². "House" is the most expensive type of property with a $1.58 / m² value followed by "Apartment" with an average price of $1.36 / m².
