Property prices for rent in Burwood (Victoria)
The rent prices in real estate in Burwood, 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 Burwood has risen strongly during the last 6 months. In October, the average price per m² was $0.78. In November this price barely changed remaining at $0.79 per m². The price for the following two months in (December, January) had a considerable rise of 1018 %. The price per m² has had a considerable rise of 232 % 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 $4.39 to $10.16 during February, and March.
When referring to the price in Burwood (suburbs), this has fallen in the last 6 months. In our first sample month during October, the average price is $484. In November This price remains at $494. In the following two months the average price has hardly changed with regard to the previous two months from $489 to $475. During the last two months the average price has fallen greatly compared to the previous four going from $482 to $396.5, which means a 82 % 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 $413 they are 37 % more affordable than the average price for Burwood . The properties with the highest average price have 4 bedrooms, Their price is 71 % more expensive than the average. After that we have properties with 3 bedrooms priced at $616.
According to average price per property type in Burwood, "" priced at $324 is 22 % lower than the average price ($413) in this city.
