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 June, the average price per m² was $1,182.23. In the following month the price per m² fell considerably to $635.63. The price for the following two months in (August, September) had a considerable fall of 13 with regard to the previous two months. The price per m² has had a considerable fall of 26 % 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 $515.78 to $135.43 during October, and November.
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 June, is $14,502. During July the price went through a considerable rise reaching $32,693. During the following two months (August, September) the average price had a considerable rise of 123 % with regard to the previous two months. 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 $26,298.75 and $25,887 between October and November.
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 $23,503 they are 84 % more affordable than the average price for Clayton . The properties with the highest average price have 4 bedrooms, Their price is 16 % more expensive than the average. After that we have properties with 1 bedroom priced at $3,655.
With regard to the average price per m², those properties with 4 bedrooms are the most affordable ones at a cost of $106 / m², with an average $135.66 / m² price in Clayton. The properties with the most expensive average prices have 1 bedroom. They are 19 % more expensive than the average followed by properties with 4 bedrooms with a price at $106 / 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 $27,171, which is 16 % more expensive than the average price. "Apartment" has the most expensive price. This price is 16 % 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 $106 / m². "Apartment" with an average price of $106 / m² has the most affordable price and would be directed at less affluent cities.