The prices in real estate in Sydney, in the New South Wales region have remained the same in the last couple of months. The real estate prices for second hand homes have remained in this city.
The price per m² in Sydney has remained the same in the last 6 months. In December, the average price per m² was $1,917. In January this price pretty much remained the same at a value of $1,885 per m². In the following two months the price per m² has barely changed, going from $1,901 to $1,920 per m². The price per m² has increased 112 % 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 $1,910.5 to $2,133 during April, and May.
Based upon to the price in Sydney (suburbs), these have remained the same in the last 6 months. In our first sample month during December, the average price is $776,969. In January This price remains at $777,270. In the following two months the average price has remained the same with regard to the previous two months from $777,119.5 to $780,271. During the last two months, the average price has pretty much remained the same with regard to the previous average values going from an average value of $778,695.25 and $800,927.5 between April and May.
The graph displaying the average price for bedrooms illustrates that those properties with 1 bedroom are the cheapest ones. At a price of $800,904 they are 17 % more affordable than the average price for Sydney. The properties with the highest average price have 4 bedrooms, Their price is 8 % more costly than the average. After that we have properties with 2 bedrooms priced at $761,994.
With regard to the average price per m² , those properties with 3 bedrooms are the cheapest ones at a cost of $1,603 / m², with an average $1,992 / m² price in Sydney. The properties with the highest average prices have 1 bedroom. They are 401 % more expensive than the average followed by properties with 2 bedrooms with a price at $6,025 / m².
The graph displaying the average prices displays the property type "Studio" as the most affordable one. At an cost of $800,904 it is 41 % cheaper than the average price in Sydney. "Villa" is seen as the second most affordable property type. The dearest property type is "Office" followed by "House". At a price of $815,474 it is 34 % more expensive than the average price.
According to the average cost per m², the cheapest property type is "House" at an average cost of $1,610 / m² followed by "Villa" priced at $3,954 / m². "Studio" is the most costly type of property with a $44,901 / m² cost followed by "Office" with an average price of $9,108 / m².