Property prices for rent in Elsternwick (Victoria)
The rent prices in real estate in Elsternwick, 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 Elsternwick has risen strongly during the last 6 months. In October, the average price per m² was $1.03. In November this price barely changed remaining at $1.05 per m². The price for the following two months in (December, January) had a considerable rise of 469 %. The price per m² has had a considerable fall of 17 % 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 $2.96 to $0.5 during February, and March.
When referring to the price in Elsternwick (suburbs), this has risen considerably in the last 6 months. In our first sample month during October, the average price is $664. In November This price remains at $662. During the following two months (December, January) the average price had a considerable rise of 562 % with regard to the previous two months. During the last two months the average price has fallen greatly compared to the previous four going from $2,193.75 to $331.5, which means a 15 % fall.
The graph showing the average price for bedrooms displays the property with the most affordable price has 1 bedroom. It is 39 % more affordable than the average price of $402 in Elsternwick. Based on the bedrooms values, properties with the most affordable rent prices are those with 2 bedrooms. They are 23 % more affordable than the average aforementioned.
