The rent prices in real estate in Ballarat, in the Victoria region have fallen considerably in the last couple of months. There has been a strong fall in the rent prices in this city.
The price per m² in Ballarat has had a strong fall during the last 6 months. In December, the average price per m² was $22.88. In the following month the price per m² rose considerably to $34. The price for the following two months in (February, March) had a considerable fall of 68 with regard to the previous two months. The price per m² has had a considerable fall of 14 % 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 $23.84 to $3.35 during April, and May.
When referring to the price in Ballarat (suburbs), this has risen considerably in the last 6 months. The average price during our first sample month during December, is $477. During January the price went through a considerable rise reaching $7,433. In the following two months the average price has hardly changed with regard to the previous two months from $3,955 to $3,875.5. During the last two months the average price has fallen greatly compared to the previous four going from $3,915.25 to $466, which means a 12 % fall.
The graph showing the average price for bedrooms displays the property with the most expensive price has 1 bedroom. It is 1165 % more expensive than the average price of $7,401 in Ballarat. Based on the bedrooms values, properties with the most expensive rent prices are those with 1 bedroom. They are 1165 % more expensive than the average aforementioned.
With regard to the average prices per m² those properties with 1 bedroom are 900 % more expensive than the average price of ($30 / m²) in Ballarat. Properties with the most expensive price when referring to the number of bedrooms / m² are those with 1 bedroom. They are 900 % 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 $7,401, which is 1165 % more expensive than the average price. "House" has the most expensive price. This price is 1165 % 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.