The average price in the New South Wales region has had a slight decrease in recent months. There has been a deflation in the prices in this region.
The price per m² in New South Wales has risen in the last 6 months. During August, the average price per m² was $1,672. The following month (September) the price had a considerable deflation reaching $1,151 per m². The following two months (October, November) there has been a deflation of 87 % in the price per m² with regard to the previous two. In the last two months, the price per m² has had a significant increase of 141 %. This has been obtained by comparing the price of $1,317.75 for the first four months of the sample with regard to the previous 4 months and the price of $1,853 per m² for the last two months (December, January).
Based upon to the price in New South Wales(region), these have remained the same in the last 6 months. In the first month sample August the average price is $505,632. In September the price was the same at $501,117. The average price for the following two months (October, November) increased from $503,374.5 to $543,292. During the last two months the average price has remained stagnant and has gone from $523,333.25 to $509,225.5 during December and January.
The graph displaying the the average price per number of bedrooms shows that those with 2 bedrooms are the cheapest ones. They are 16 % more affordable than the average price in New South Wales followed by those with 3 with an average price of $441,696. The most costly properties have 4 bedrooms. They are 31 % more expensive than the average followed by those properties with 1 bedroom priced at $465,889.
Based on the average price per m² those properties with 3 bedrooms are the cheapest ones with a price of $1,091 / m² being $2,691 / m² the average value within the New South Wales region. The properties with the most expensive average price are those with 1 bedroom. These are 126 % more costly than the average followed by those with 2 bedrooms with a price of $2,209 / m².
The graph displaying the average price according to the property type shows "Land" as the cheapest one. With an average cost of $476,783 it is 35 % more affordable than the average in New South Wales. This is followed by "Apartment" with a price of $509,159. The dearest property type is "Acreage" and is 55 % more expensive than the average, followed by "House" with a cost of $567,910.
Based on the average cost per m² the cheapest property type is "Land with a an average cost of $496 / m², followed by "House" with a price of $1,146 / m². "Acreage" with an average price of $60,018 / m² is the most costly type of property followed by "Apartment" at a price of $4,346 / m².