The rent prices in real estate in Vanderbijlpark, in the Gauteng 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 Vanderbijlpark has risen strongly during the last 6 months. In September, the average price per m² was R 88,44. In the following month the price per m² fell considerably to R 48,84. The price for the following two months in (November, December) had a considerable rise of 480 %. The price per m² has had a considerable rise of 145 % 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 199,1 to R 288,06 during January, and February.
When referring to the price in Vanderbijlpark (cities & towns), this has risen considerably in the last 6 months. The average price during our first sample month during September, is R 8 233. During October the price went through a considerable rise reaching R 10 734. During the following two months (November, December) the price has had an average rise from R 9 483,5 to R 10 476,5. Based on an analysis of the first four prices and the last two months the average price has increased 114 % 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 10 300 they are 54 % more affordable than the average price for Vanderbijlpark . The properties with the highest average price have 4 bedrooms, Their price is 57 % more expensive than the average. After that we have properties with 3 bedrooms priced at R 10 532.
With regard to the average price per m², those properties with 4 bedrooms are the most affordable ones at a cost of R 39 / m², with an average R 43,56 / m² price in Vanderbijlpark. The properties with the most expensive average prices have 1 bedroom. They are 276 % more expensive than the average followed by properties with 3 bedrooms with a price at R 105 / m².
The graph displaying the average rent prices displays the property type "Apartment" as the most affordable one. At an cost of R 10 300 it is 38 % more affordable than the average price in Vanderbijlpark. "Commercial" is seen as the second most affordable property type. The most expensive property type is "Townhouse" followed by "House". At a price of R 11 599 it is 21 % more expensive than the average price.
According to the average cost per m², the most affordable property is "Commercial" at an average price of R 25 / m² followed by "Flat" priced at R 30 / m². "Apartment" is the most expensive type of property with a R 97 / m² value followed by "Townhouse" with an average price of R 89 / m².