Property prices for rent in Edgewater (Western Australia)
The rent prices in real estate in Edgewater, in the Western Australia 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 Edgewater has had a strong fall during the last 6 months. In October, the average price per m² was $0.74. In November this price barely changed remaining at $0.74 per m². The price for the following two months in (December, January) had a considerable fall of 48 with regard to the previous two months. The price per m² has had a considerable fall of 76 % 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 $0.55 to $0.41 during February, and March.
When referring to the price in Edgewater (suburbs), this has fallen considerably in the last 6 months. In our first sample month during October, the average price is $642. In November This price remains at $644. During the following two months (December, January) the average price had a considerable fall of 58 % 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 had a strong increase of 118 % 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 $543 they are 31 % more affordable than the average price for Edgewater . The properties with the highest average price have 4 bedrooms, Their price is 36 % more expensive than the average. After that we have properties with 3 bedrooms priced at $614.
According to average price per property type in Edgewater, "" priced at $715 is 32 % more expensive than the average price ($543) in this city.
