The average price in the New South Wales region has had an strong increase in recent months. There has been a strong inflation in the prices in this region.
The price per m² in New South Wales has increased strongly in the last 6 months. During March, the average price per m² was $1,275. The following month (April) the price had a considerable increase reaching $2,096 per m². In the following two months (May, June) the price per m² has risen strongly to a 186 %. In the last two months, the price per m² has had a significant decrease of 80 %. This has been obtained by comparing the price of $2,407.75 for the first four months of the sample with regard to the previous 4 months and the price of $1,917.5 per m² for the last two months (July, August).
Based upon to the price in New South Wales(region), this has increased in the last 6 months. In the first month sample March the average price is $538,863. In April the price was the same at $521,676. In the following two months the average price didn't change much compared to the previous two going from $530,269.5 to $544,544. During the last two months the price has had a considerable increase of 115 % with respect to the previous four months going from $537,406.75 a $618,169.
The graph displaying the the average price per number of bedrooms shows that those with 2 bedrooms are the cheapest ones. They are 24 % more affordable than the average price in New South Wales followed by those with 1 with an average price of $521,953. The most costly properties have 4 bedrooms. They are 13 % more expensive than the average followed by those properties with 3 bedrooms priced at $537,211.
Based on the average price per m² those properties with 3 bedrooms are the cheapest ones with a price of $1,330 / m² being $1,642 / 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 512 % more costly than the average followed by those with 2 bedrooms with a price of $2,864 / m².
The graph displaying the average price according to the property type shows "Office" as the cheapest one. With an average cost of $627,024 it is 48 % more affordable than the average in New South Wales. This is followed by "Warehouse" with a price of $340,983. The dearest property type is "Retail" and is 32 % more expensive than the average, followed by "House" with a cost of $641,683.
Based on the average cost per m² the cheapest property type is "Office with a an average cost of $513 / m², followed by "House" with a price of $1,369 / m². "Retail" with an average price of $49,902 / m² is the most costly type of property followed by "Apartment" at a price of $5,183 / m².