Property prices for rent in Geelong (Victoria)
The rent prices in real estate in Geelong, in the Victoria 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 Geelong has risen strongly during the last 6 months. In October, the average price per m² was $0.7. In November this price barely changed remaining at $0.71 per m². In the following two months the price per m² has practically remained the same, going from $0.7 to $0.71 per m². The price per m² has had a considerable rise of 152 % 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 $0.71 to $1.08 during February, and March.
When referring to the price in Geelong (suburbs), there have hardly been any changes in the last 6 months. In our first sample month during October, the average price is $445. In November This price remains at $450. In the following two months the average price has hardly changed with regard to the previous two months from $447.5 to $445.5. Based on an analysis of the first four prices and the last two months the average price has increased 109 % 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 $585 they are 34 % more affordable than the average price for Geelong . The properties with the lowest average price have 4 bedrooms, Their price is 1 % more affordable than the average. After that we have properties with 3 bedrooms priced at $533.
According to average price per property type in Geelong, "" priced at $414 is 29 % lower than the average price ($585) in this city.
