Property prices for rent in Victoria region

The average rent price in the Victoria region has had an strong rise in recent months. There has been a strong rise in the rent prices in this region.

$9,260
Average price last 6 months
$57.96
Price/m² last 6 months
Average price per m2

The price per m² in Victoria has risen considerably in the last 6 months. During September, the average price per m² was $7.02. In October the price barely changed remaining at $7.3 per m². In the following two months (November, December) the rent price per m² has increased notably to a 753 %. In the last two months, the price per m² has had a significant rise of 370 %. This has been obtained by comparing the price of $30.52 for the first four months of the sample with regard to the previous 4 months and the price of $112.84 per m² for the last two months (January, February).

Average price

When referring to the price in Victoria(region), this has risen considerably in the last 6 months. In the first month sample September the average price is $623. In October the price remains at $606. The price in the following months (November, December) had a strong rise of 1411 % going from $614.5 to $8,670. During the last two months the price has had a considerable rise of 398 % with respect to the previous four months going from $4,642.25 a $18,495.5.

Average price per bedrooms

The graph displaying the the average rent price per number of bedrooms shows that those with 1 bedroom are the most affordable ones. They are 98 % cheaper than the average price in Victoria followed by those with 3 with an average price of $497. The most affordable properties have 4 bedrooms. They are 97 % cheaper than the average followed by those properties with 2 bedrooms priced at $531.

Based on the average price per m² those properties with 4 bedrooms are the most affordable ones with a price of $0.5 / m² being $123.89 / m² the average for Victoria. The properties with the lowest average price are those with 1 bedroom. These are 99 % more affordable than the average followed by those with 2 bedrooms with a price of $1.03 / m².

Price per property type

The graph displaying the average rent price according to the property type shows "House" as the most affordable one. With an average cost of $20,160 it is 97 % cheaper than the average in Victoria. This is followed by "Apartment" with a cost of $526. The most expensive property type is "Office" and is 19 % more costly than the average, followed by "Warehouse" with a cost of $19,755.

Based upon the average cost per m² the most affordable property type is "House with a an average price of $0.56 / m², followed by "Apartment" with a price of $1.13 / m². "Retail" with an average price of $184 / m² is the most expensive type of property followed by "Office" at a price of $150.57 / m².

Charts data
Average price February
Average price per m² February
Number of properties used in region Victoria
$20,160
$123.89
270,202
** Graph's data with null or zero value are due to there isn't enough data available to get a reliable value