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 November, the average price per m² was $2,425. The following month (December) the price had a considerable increase reaching $4,215 per m². In the following two months (January, February) the price per m² has risen strongly to a 119 %. In the last two months, the price per m² has had a significant increase of 120 %. This has been obtained by comparing the price of $3,632.75 for the first four months of the sample with regard to the previous 4 months and the price of $4,348.5 per m² for the last two months (March, April).
Based upon to the price in New South Wales(region), this has increased in the last 6 months. The average price in November is $673,701. In December the price increased to $766,229. In the following two months the average price didn't change much compared to the previous two going from $719,965 to $713,660.5. During the last two months the price has risen 106 % compared to the previous average values going from $716,812.75 a $762,261.5 in March and April.
The graph displaying the the average price per number of bedrooms shows that those with 1 bedroom are the cheapest ones. They are 30 % more affordable than the average price in New South Wales followed by those with 2 with an average price of $576,176. The most costly properties have 4 bedrooms. They are 2 % more expensive than the average followed by those properties with 3 bedrooms priced at $594,432.
Based on the average price per m² those properties with 2 bedrooms are the cheapest ones with a price of $4,393 / m² being $4,957 / m² the average value within the New South Wales region. The properties with the most expensive average price are those with 4 bedrooms. These are 88 % more costly than the average followed by those with 1 bedroom with a price of $9,047 / m².
The graph displaying the average price according to the property type shows "Land" as the cheapest one. With an average cost of $826,236 it is 44 % more affordable than the average in New South Wales. This is followed by "Villa" with a price of $564,871. The dearest property type is "Acreage" and is 37 % more expensive than the average, followed by "Townhouse" with a cost of $750,092.
Based on the average cost per m² the cheapest property type is "Land with a an average cost of $1,491 / m², followed by "House" with a price of $1,685 / m². "Acreage" with an average price of $65,533 / m² is the most costly type of property followed by "Apartment" at a price of $6,795 / m².