Statistical Analysis of Sydney Metro Rental Market Data

This report presents a statistical analysis of rental data in the Sydney metropolitan area, focusing on weekly rent, dwelling types, and bond amounts. The analysis utilizes both primary and secondary datasets, including surveys and data from the Australian Rental Bond Board. Key findings include comparisons of weekly rent across different suburbs (Sydney, Parramatta, Randwick, and Auburn), examination of dwelling type distributions, and investigation of the relationship between weekly rent and bond amounts. Statistical tools such as mean, median, mode, hypothesis testing (ANOVA), and correlation coefficients are employed to derive meaningful insights. The report concludes with recommendations for rental pricing strategies and suggestions for future research, aiming to assist clients in making informed decisions regarding rental properties.