The rent prices in real estate in Bundoora, 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 Bundoora has risen strongly during the last 6 months. In October, the average price per m² was $0.77. In November this price barely changed remaining at $0.77 per m². The price for the following two months in (December, January) had a considerable fall of 40 with regard to the previous two months. The price per m² has had a considerable rise of 5006 % 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 $0.54 to $27.03 during February, and March.
When referring to the price in Bundoora (suburbs), this has risen considerably in the last 6 months. In our first sample month during October, the average price is $453. In November This price remains at $455. In the following two months the average price has hardly changed with regard to the previous two months from $454 to $454.5. Based on an analysis of the first four prices and the last two months the average price has had a strong increase of 434 % 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 $3,612 they are 93 % more affordable than the average price for Bundoora . The properties with the lowest average price have 4 bedrooms, Their price is 75 % more affordable than the average. After that we have properties with 3 bedrooms priced at $481.
With regard to the average price per m², those properties with 1 bedroom are the most affordable ones at a cost of $0.63 / m², with an average $53.43 / m² price in Bundoora. The properties with the most affordable average prices have 4 bedrooms. They are 55 % more affordable than the average followed by properties with 1 bedroom with a price at $0.63 / m².
According to average price per property type in Bundoora, "" priced at $469 is 87 % lower than the average price ($3,612) in this city.