The rent prices in real estate in Goodwood, 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 Goodwood has risen strongly during the last 6 months. In October, the average price per m² was R 101,02. In November this price barely changed remaining at R 100,99 per m². The price for the following two months in (December, January) had a considerable rise of 126 %. The price per m² has had a considerable rise of 129 % 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 114,08 to R 147,05 during February, and March.
When referring to the price in Goodwood (cities & towns), this has fallen in the last 6 months. The rent price in October is R 35 287, rising in November till R 39 719. During the following two months (December, January) the average price had a considerable fall of 61 % with regard to the previous two months. Based on an analysis of the first four prices and the last two months the average price has had a strong increase of 134 % during the last two months.
The graph displaying the average rent price for bedrooms illustrates that those properties with 1 bedroom are the most affordable ones. At a price of R 47 500 they are 82 % more affordable than the average price for Goodwood . The properties with the lowest average price have 3 bedrooms, Their price is 59 % more affordable than the average. After that we have properties with 4 bedrooms priced at R 11 940.
With regard to the average price per m², those properties with 4 bedrooms are the most affordable ones at a cost of R 63 / m², with an average R 127,86 / m² price in Goodwood. The properties with the most expensive average prices have 1 bedroom. They are 38 % more expensive than the average followed by properties with 2 bedrooms with a price at R 141 / m².
The graph displaying the average rent prices displays the property type "House" as the most affordable one. At an cost of R 47 500 it is 85 % more affordable than the average price in Goodwood. "Flat" is seen as the second most affordable property type. The most affordable property is "" followed by "Commercial". At a price of R 29 134 it is 36 % more affordable than the average price.
According to the average cost per m², the most affordable property is "House" at an average price of R 120 / m² followed by "Flat" priced at R 4 355 / m². "Commercial" is the most expensive type of property with a R 27 074 / m² value followed by "Flat" with an average price of R 4 355 / m².