The rent prices in real estate in Wollongong, 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 Wollongong has had a strong fall during the last 6 months. In May, the average price per m² was $54.07. In the following month the price per m² fell considerably to $8.14. The price for the following two months in (July, August) had a considerable rise of 135 %. The price per m² has had a considerable rise of 155 % 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 $36.57 to $56.54 during September, and October.
When referring to the price in Wollongong (suburbs), this has fallen considerably in the last 6 months. The average price for May is $6,532. During June the price had a considerable fall till $3,128. During the following two months (July, August) the average price fell 86 % 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 117 % during the last two months.
The graph showing the average price for bedrooms displays the property with the most affordable price has 1 bedroom. It is 77 % more affordable than the average price of $1,405 in Wollongong. Based on the bedrooms values, properties with the most affordable rent prices are those with 1 bedroom. They are 77 % more affordable than the average aforementioned.
According to average price per property type in Wollongong, "" priced at $1,405 is 77 % lower than the average price ($6,012) in this city.