The rent prices in real estate in Milnerton, in the Western Cape 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 Milnerton has risen during the last 6 months. In September, the average price per m² was R 100,48. In October this price barely changed remaining at R 104,06 per m². In the following two months the price per m² has risen 111 %, going from R 102,27 to R 113,71 per m². The price per m² has risen 108 % 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 107,99 to R 117,01 during January, and February.
When referring to the price in Milnerton (cities & towns), this has risen considerably in the last 6 months. The average price during our first sample month during September, is R 32 925. During October the price went through a considerable rise reaching R 41 438. During the following two months (November, December) the average price fell 92 % 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 117 % 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 50 221 they are 76 % more affordable than the average price for Milnerton . The properties with the lowest average price have 4 bedrooms, Their price is 2 % more affordable than the average. After that we have properties with 2 bedrooms priced at R 17 250.
With regard to the average price per m², those properties with 3 bedrooms are the most expensive ones at a cost of R 130 / m², with an average R 116,75 / m² price in Milnerton. The properties with the most expensive average prices have 4 bedrooms. They are 67 % more expensive than the average followed by properties with 2 bedrooms with a price at R 191,89 / m².
The graph displaying the average rent prices displays the property type "Apartment" as the most affordable one. At an cost of R 50 221 it is 77 % more affordable than the average price in Milnerton. "Land" is seen as the second most affordable property type. The most expensive property type is "Office" followed by "Commercial". At a price of R 48 086 it is 68 % more expensive than the average price.
According to the average cost per m², the most affordable property is "House" at an average price of R 76 / m² followed by "Commercial" priced at R 115 / m². "Apartment" is the most expensive type of property with a R 166 / m² value followed by "Land" with an average price of R 132 / m².