The rent prices in real estate in Ballarat, 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 Ballarat has risen strongly during the last 6 months. In July, the average price per m² was $0.64. In the following month the price per m² rose considerably to $2.39. The price for the following two months in (September, October) had a considerable rise of 167 %. The price per m² has had a considerable fall of 83 % 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 $2.02 to $1.67 during November, and December.
When referring to the price in Ballarat (suburbs), there have hardly been any changes in the last 6 months. The average price for July is $383. During August the price had a slight fall till $342. During the following two months (September, October) the price has had an average rise from $362.5 to $388.5. During the last two months, the average price has barely gone through any changes with regard to the previous average values going from an average value of $375.5 and $358.5 between November and December.
The graph showing the average price for bedrooms displays the property with the most expensive price has 1 bedroom. It is 1969 % more expensive than the average price of $7,345 in Ballarat. Based on the bedrooms values, properties with the most expensive rent prices are those with 1 bedroom. They are 1969 % more expensive than the average aforementioned.
With regard to the average prices per m² those properties with 1 bedroom are 1604 % more expensive than the average price of ($23 / m²) in Ballarat. Properties with the most expensive price when referring to the number of bedrooms / m² are those with 1 bedroom. They are 1604 % more expensive than the average value aforementioned.
With regard to the average price based on the property in Ballarat we can see that the least affordable type of property is "House" at $7,345, which is 1969 % more expensive than the average price. "House" has the most expensive price. This price is 1969 % 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 $23 / m². "House" at an average price of $23 / m² has the highest price and would be directed at more affluent cities.