The rent prices in real estate in Clayton, 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 Clayton has had a strong fall during the last 6 months. In January, the average price per m² was $96.08. In the following month the price per m² fell considerably to $45.09. The price for the following two months in (March, April) had a considerable fall of 45 with regard to the previous two months. The price per m² has had a considerable rise of 179 % 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 $51.08 to $91.33 during May, and June.
When referring to the price in Clayton (suburbs), this has risen considerably in the last 6 months. The average price during our first sample month during January, is $7,370. During February the price went through a considerable rise reaching $11,592. During the following two months (March, April) the average price fell 88 % 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 increased 108 % 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 $18,485 they are 80 % more affordable than the average price for Clayton . The properties with the highest average price have 4 bedrooms, Their price is 46 % more expensive than the average. After that we have properties with 1 bedroom priced at $3,627.
With regard to the average price per m², those properties with 4 bedrooms are the most affordable ones at a cost of $99 / m², with an average $176 / m² price in Clayton. The properties with the most affordable average prices have 1 bedroom. They are 13 % more affordable than the average followed by properties with 4 bedrooms with a price at $99 / m².
With regard to the average price based on the property in Clayton we can see that the least affordable type of property is "Apartment" at $26,975, which is 46 % more expensive than the average price. "Apartment" has the most expensive price. This price is 46 % more expensive than the average price aforementioned.
According to the average area price by m² the most affordable property type is "Apartment with an average cost of $99 / m². "Apartment" with an average price of $99 / m² has the most affordable price and would be directed at less affluent cities.