The rent prices in real estate in Meyerton, in the Gauteng region have slightly risen in the last couple of months. There has been a rise in the rent prices in this city.
The price per m² in Meyerton has risen during the last 6 months. In October, the average price per m² was R 70,27. In the following month the price per m² fell to R 62,5. The price for the following two months in (December, January) had a considerable rise of 117 %. The price per m² has had a considerable rise of 120 % 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 71,87 to R 86,44 during February, and March.
When referring to the price in Meyerton (cities & towns), this has risen considerably in the last 6 months. The average price during our first sample month during October, is R 9 443. During November the price went through a considerable rise reaching R 16 485. During the following two months (December, January) the average price had a considerable rise of 123 % with regard to the previous two months. During the last two months the average price has fallen greatly compared to the previous four going from R 14 476,5 to R 10 960, which means a 76 % fall.
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 10 341 they are 47 % more affordable than the average price for Meyerton . The properties with the highest average price have 3 bedrooms, Their price is 6 % more expensive than the average. After that we have properties with 2 bedrooms priced at R 6 827.
With regard to the average price per m², those properties with 4 bedrooms are the most affordable ones at a cost of R 37 / m², with an average R 64,31 / m² price in Meyerton. The properties with the most expensive average prices have 1 bedroom. They are 7 % more expensive than the average followed by properties with 2 bedrooms with a price at R 67 / m².
The graph displaying the average rent prices displays the property type "Farm" as the most affordable one. At an cost of R 10 341 it is 37 % more affordable than the average price in Meyerton. "House" is seen as the second most affordable property type. The most affordable property is "Commercial" followed by "Land". At a price of R 7 850 it is 13 % more affordable than the average price.
According to the average cost per m², the most affordable property is "Farm" at an average price of R 18 / m² followed by "Townhouse" priced at R 28 / m². "House" is the most affordable type of property with a R 37 / m² value followed by "Land" with an average price of R 33 / m².