Property prices for rent in Dennington (Victoria)

The price per m² in Dennington has risen strongly during the last 6 months. In November, the average price per m² was . In the following month the price per m² rose considerably to $0.62. The price for the following two months in (January, February) had a considerable rise of 200 %. The price per m² has had a considerable rise of 132 % 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 $0.47 to $0.62 during March, and April.

When referring to the price in Dennington (suburbs), this has risen considerably in the last 6 months. The average price during our first sample month during November, is . During December the price went through a considerable rise reaching $518. During the following two months (January, February) the average price had a considerable rise of 185 % 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 109 % during the last two months.

The graph displaying the average rent price for bedrooms illustrates that those properties with 2 bedrooms are the most affordable ones. At a price of $373 they are 23 % more affordable than the average price for Dennington . Based on the bedrooms values, properties with the most expensive rent prices are those with 3 bedrooms. They are 17 % more expensive than the average aforementioned.

With regard to the average price per m², those properties with 3 bedrooms are the most affordable ones at a cost of $0.52 / m², with an average $0.61 / m² price in Dennington. Properties with the most expensive price when referring to the number of bedrooms / m² are those with 1 bedroom. They are 67 % more expensive than the average value aforementioned.