Property prices for rent in Armadale (Victoria)
The rent prices in real estate in Armadale, in the Victoria region have slightly fallen in the last couple of months. There has been a fall in the rent prices in this city.
The price per m² in Armadale has fallen during the last 6 months. In October, the average price per m² was $6.51. In November this price barely changed remaining at $6.5 per m². The price for the following two months in (December, January) had a considerable rise of 129 %. The price per m² has had a considerable fall of 34 % 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 $7.46 to $2.51 during February, and March.
When referring to the price in Armadale (suburbs), this has fallen considerably in the last 6 months. In our first sample month during October, the average price is $3,640. In November This price remains at $3,633. During the following two months (December, January) the average price had a considerable rise of 117 % with regard to the previous two months. During the last two months the average price has fallen greatly compared to the previous four going from $3,946 to $637, which means a 16 % fall.
The graph displaying the average rent price for bedrooms illustrates that those properties with 3 bedrooms are the most expensive ones. At a price of $571 they are 41 % more expensive than the average price for Armadale. Following this ranking we find those properties with 4 at an average price of $7,186. The properties with the highest average price have 1 bedroom, Their price is 4854 % more expensive than the average. After that we have properties with 2 bedrooms priced at $8,653.
With regard to the average price per m², those properties with 4 bedrooms are the most expensive ones at a cost of $5 / m², with an average $2.57 / m² price in Armadale. The properties with the most expensive average prices have 1 bedroom. They are 3324 % more expensive than the average followed by properties with 2 bedrooms with a price at $15 / m².
With regard to the average price based on the property in Armadale we can see that the least affordable type of property is "House" at $13,992, which is 2350 % more expensive than the average price. "House" has the most expensive price. This price is 2350 % more expensive than the average price aforementioned.
According to the average area price by m² the most expensive property type is "House with an average cost of $30 / m². "House" at an average price of $30 / m² has the highest price and would be directed at more affluent cities.
