The rent prices in real estate in Bayswater, 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 Bayswater has risen strongly during the last 6 months. In September, the average price per m² was $0.76. In October this price barely changed remaining at $0.76 per m². The price for the following two months in (November, December) had a considerable rise of 414 %. The price per m² has had a considerable fall of 41 % 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 $1.95 to $0.81 during January, and February.
When referring to the price in Bayswater (suburbs), this has risen considerably in the last 6 months. In our first sample month during September, the average price is $523. In October This price remains at $522. During the following two months (November, December) the average price had a considerable rise of 209 % 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 $808.25 to $574.5, which means a 71 % fall.
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 $578 they are 25 % more affordable than the average price for Bayswater . The properties with the highest average price have 4 bedrooms, Their price is 7 % more expensive than the average. After that we have properties with 3 bedrooms priced at $534.
According to average price per property type in Bayswater, "" priced at $539 is 7 % lower than the average price ($578) in this city.