Property prices for rent in Essendon (Victoria)

The rent prices in real estate in Essendon, 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.

$19,942.33
Average price last 6 months
$162
Price/m² last 6 months
Average price per m2

The price per m² in Essendon 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 . The price for the following two months in (January, February) had a considerable rise of 2147483647 %. The price per m² has had a considerable fall of 53 % 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 $96 to $51 during March, and April.

Average price

When referring to the price in Essendon (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 . During the following two months (January, February) the average price had a considerable rise of 2147483647 % 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 259 % during the last two months.

Average price per bedrooms

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 $16,880 they are 25 % more affordable than the average price for Essendon . The properties with the highest average price have 1 bedroom, Their price is 5 % more expensive than the average. After that we have properties with 2 bedrooms priced at $12,715.

With regard to the average price per m², those properties with 2 bedrooms are the most expensive ones at a cost of $113 / m², with an average $51 / m² price in Essendon. The properties with the most expensive average prices have 1 bedroom. They are 157 % more expensive than the average followed by properties with 2 bedrooms with a price at $113 / m².

Price per property type

With regard to the average price based on the property in Essendon we can see that the most affordable type of property is "Apartment" at $12,715, which is 25 % cheaper than the average price. "Apartment" has the most affordable price. This price is 25 % more affordable than the average price aforementioned.

According to the average area price by m² the most expensive property type is "Apartment with an average cost of $113 / m². "Apartment" at an average price of $113 / m² has the highest price and would be directed at more affluent cities.

Charts data
Average price April
Average price per m² April
Number of properties used in Essendon
Number of properties used in region Victoria
$16,880
$51
8
7,756
** Graph's data with null or zero value are due to there isn't enough data available to get a reliable value