Property prices for rent in Nelson Bays region
The average rent price in the Nelson Bays region has had an strong rise in recent months. There has been a strong rise in the rent prices in this region.
The price per m² in Nelson Bays has risen considerably in the last 6 months. During November, the average price per m² was $1.51. The following month (December) the price had a considerable rise reaching $2.43 per m². The following two months (January, February) went through a rise of 109 % in the rent price per m² rising from $1.97 to $2.14 per m². In the last two months, the price per m² has had a significant rise of 286 %. This has been obtained by comparing the price of $2.06 for the first four months of the sample with regard to the previous 4 months and the price of $5.88 per m² for the last two months (March, April).
When referring to the price in Nelson Bays(region), this has risen considerably in the last 6 months. In the first month sample for November the average price is $575. During December it went through a strong rise reaching $664 In the following two months the average price practically remained the same compared to the previous two going from $619.5 to $607.5. During the last two months the price has had a considerable rise of 424 % with respect to the previous four months going from $613.5 a $2,599.
The graph displaying the the average rent price per number of bedrooms shows that those with 1 bedroom are the most affordable ones. They are 92 % cheaper than the average price in Nelson Bays followed by those with 2 with an average price of $501. The most affordable properties have 4 bedrooms. They are 83 % cheaper than the average followed by those properties with 3 bedrooms priced at $618.
Based on the average price per m² those properties with 1 bedroom are the most affordable ones with a price of $1 / m² being $6.81 / m² the average for Nelson Bays. The properties with the lowest average price are those with 2 bedrooms. These are 71 % more affordable than the average followed by those with 1 bedroom with a price of $1 / m².
Based on the average price per property type in Nelson Bays the most affordable one with a price of $2,466 is "House" which is 47 % more affordable than the average property. "House" has the most affordable price being 47 % cheaper than the average aforementioned.
Based upon the average price per m², the most affordable property type is "House with an average cost of $3 / m². "House" which has the lowest average price of $3 / m² would be present in a less affluent region.
