The rent prices in real estate in Blackburn, 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 Blackburn has had a strong fall during the last 6 months. In October, the average price per m² was $0.92. In November this price barely changed remaining at $0.92 per m². The price for the following two months in (December, January) had a considerable fall of 0 with regard to the previous two months. The price per m² has had a considerable fall of 0 % 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 $0.46 to during February, and March.
When referring to the price in Blackburn (suburbs), there have hardly been any changes in the last 6 months. In our first sample month during October, the average price is $482. In November This price remains at $482. In the following two months the average price has hardly changed with regard to the previous two months from $482 to $486. 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 $484 and $483.5 between February and March.
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 $481 they are 26 % more affordable than the average price for Blackburn . The properties with the highest average price have 4 bedrooms, Their price is 47 % more expensive than the average. After that we have properties with 3 bedrooms priced at $585.