Property prices for rent in Boronia (Victoria)
The rent prices in real estate in Boronia, 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 Boronia has risen strongly during the last 6 months. In October, the average price per m² was $0.74. In November this price barely changed remaining at $0.74 per m². In the following two months the price per m² has practically remained the same, going from $0.74 to $0.76 per m². The price per m² has had a considerable rise of 387 % 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 $0.75 to $2.91 during February, and March.
When referring to the price in Boronia (suburbs), this has risen considerably in the last 6 months. In our first sample month during October, the average price is $456. In November This price remains at $454. During the following two months (December, January) the average price had a considerable rise of 116 % with regard to the previous two months. Based on an analysis of the first four prices and the last two months the average price has had a strong increase of 162 % during the last two months.
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 $1,072 they are 69 % more affordable than the average price for Boronia . The properties with the lowest average price have 4 bedrooms, Their price is 46 % more affordable than the average. After that we have properties with 3 bedrooms priced at $517.
With regard to the average price per m², those properties with 4 bedrooms are the most affordable ones at a cost of $0.51 / m², with an average $5.03 / m² price in Boronia. The properties with the most affordable average prices have 2 bedrooms. They are 76 % more affordable than the average followed by properties with 1 bedroom with a price at $1.17 / m².
The graph displaying the average rent prices displays the property type "Apartment" as the most affordable one. At an cost of $1,072 it is 59 % more affordable than the average price in Boronia. "House" is seen as the second most affordable property type. The most affordable property is "House" followed by "Apartment". At a price of $439 it is 53 % more affordable than the average price.
According to the average cost per m², the most affordable property is "House" at an average price of $0.64 / m² followed by "Apartment" priced at $1.08 / m². "Apartment" is the most affordable type of property with a $1.08 / m² value followed by "House" with an average price of $0.64 / m².
