Property prices for rent in Epping (Victoria)

The price per m² in Epping has risen strongly during the last 6 months. In November, the average price per m² was $0.32. In the following month the price per m² rose considerably to $0.58. The price for the following two months in (January, February) had a considerable rise of 150 %. The price per m² has had a considerable rise of 119 % 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 $0.56 to $0.67 during March, and April.

When referring to the price in Epping (suburbs), this has risen considerably in the last 6 months. The average price during our first sample month during November, is $283. During December the price went through a considerable rise reaching $492. During the following two months (January, February) the average price had a considerable rise of 128 % 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 105 % 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 $454 they are 46 % more affordable than the average price for Epping . The properties with the highest average price have 4 bedrooms, Their price is 19 % more expensive than the average. After that we have properties with 3 bedrooms priced at $459.

With regard to the average price per m², those properties with 4 bedrooms are the most affordable ones at a cost of $0.49 / m², with an average $0.63 / m² price in Epping. The properties with the most expensive average prices have 2 bedrooms. They are 46 % more expensive than the average followed by properties with 1 bedroom with a price at $0.78 / m².