The rent prices in real estate in Benalla, 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 Benalla has had a strong fall during the last 6 months. In April, the average price per m² was $236. In the following month the price per m² fell considerably to $31. The price for the following two months in (June, July) had a considerable fall of 14 with regard to the previous two months. The price per m² has had a considerable fall of 32 % 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 $76.25 to $24.5 during August, and September.
When referring to the price in Benalla (suburbs), this has risen considerably in the last 6 months. The average price during our first sample month during April, is $608. During May the price went through a considerable rise reaching $4,790. During the following two months (June, July) the price has had an average rise from $2,699 to $3,086. Based on an analysis of the first four prices and the last two months the average price has increased 115 % during the last two months.
The graph showing the average price for bedrooms displays the property with the most affordable price has 1 bedroom. It is 91 % more affordable than the average price of $590 in Benalla. Based on the bedrooms values, properties with the most affordable rent prices are those with 1 bedroom. They are 91 % more affordable than the average aforementioned.
With regard to the average prices per m² those properties with 1 bedroom are 345 % more expensive than the average price of ($218 / m²) in Benalla. Properties with the most expensive price when referring to the number of bedrooms / m² are those with 1 bedroom. They are 345 % more expensive than the average value aforementioned.
The graph displaying the average rent prices displays the property type "" as the most affordable one. At an cost of $6,389 it is 96 % more affordable than the average price in Benalla. "Land" is seen as the second most affordable property type. The most affordable property is "Land" followed by "". At a price of $243 it is 91 % more affordable than the average price.
According to the average area price by m² the most expensive property type is "Land with an average cost of $218 / m². "Land" at an average price of $218 / m² has the highest price and would be directed at more affluent cities.