The rent prices in real estate in Aurora, in the Western Cape region have risen considerably in the last couple of months. There has been a strong rise in the rent prices this city.
The price per m² in Aurora has risen strongly during the last 6 months. In November, the average price per m² was R 13 382. In the following month the price per m² rose considerably to R 17 662. In the following two months the price per m² has risen 114 %, going from R 15 522 to R 17 662 per m². The price per m² has fallen 94 % 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 R 16 592 to R 15 515 during March, and April.
When referring to the price in Aurora (cities & towns), this has fallen in the last 6 months. The average price for November is R 19 340. During December the price had a slight fall till R 17 662. In the following two months the average price has hardly changed with regard to the previous two months from R 18 501 to R 17 662. During the last two months, the average price has barely gone through any changes with regard to the previous average values going from an average value of R 18 081,5 and R 18 491 between March and April.
The graph showing the average price for bedrooms displays the property with the most affordable price has 1 bedroom. It is 9 % more affordable than the average price of R 17 623 in Aurora. Based on the bedrooms values, properties with the most affordable rent prices are those with 1 bedroom. They are 9 % more affordable than the average aforementioned.
With regard to the average prices per m² those properties with 1 bedroom are 32 % more expensive than the average price of (R 17 623 / m²) in Aurora. Properties with the most expensive price when referring to the number of bedrooms / m² are those with 1 bedroom. They are 32 % more expensive than the average value aforementioned.