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 December, the average price per m² was $111.16. In the following month the price per m² fell to $96.43. In the following two months the price per m² has risen 110 %, going from $103.79 to $114.04 per m². The price per m² has had a considerable fall of 2 % 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 $108.92 to $1.73 during April, and May.
When referring to the price in Wollongong (suburbs), this has fallen considerably in the last 6 months. The average price for December is $11,323. During January the price had a slight fall till $10,454. In the following two months the average price has hardly changed with regard to the previous two months from $10,888.5 to $11,286. During the last two months the average price has fallen greatly compared to the previous four going from $11,087.25 to $499, which means a 5 % fall.
The graph showing the average price for bedrooms displays the property with the most expensive price has 1 bedroom. It is 193 % more expensive than the average price of $1,391 in Wollongong. Based on the bedrooms values, properties with the most expensive rent prices are those with 1 bedroom. They are 193 % more expensive than the average aforementioned.
According to average price per property type in Wollongong, "" priced at $1,391 is 193 % more expensive than the average price ($475) in this city.