Property prices for rent in Essendon (Victoria)
The rent prices in real estate in Essendon, in the Victoria region have barely changed in the last couple of months. There have hardly been any changes in the rent prices in this city.
The price per m² in Essendon has barely changed in the last 6 months. In October, the average price per m² was $0.87. In November this price barely changed remaining at $0.86 per m². In the following two months the price per m² has practically remained the same, going from $0.87 to $0.89 per m². The price per m² has risen 109 % 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 $0.88 to $0.95 during February, and March.
When referring to the price in Essendon (suburbs), there have hardly been any changes in the last 6 months. In our first sample month during October, the average price is $505. In November This price remains at $499. In the following two months the average price has hardly changed with regard to the previous two months from $502 to $506.5. 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 1 bedroom are the most affordable ones. At a price of $549 they are 34 % more affordable than the average price for Essendon . The properties with the highest average price have 4 bedrooms, Their price is 105 % more expensive than the average. After that we have properties with 3 bedrooms priced at $717.
With regard to the average price per m², those properties with 3 bedrooms are the most affordable ones at a cost of $0.86 / m², with an average $0.94 / m² price in Essendon. The properties with the most expensive average prices have 1 bedroom. They are 22 % more expensive than the average followed by properties with 4 bedrooms with a price at $0.99 / m².
The graph displaying the average rent prices displays the property type "Apartment" as the most affordable one. At an cost of $549 it is 21 % more affordable than the average price in Essendon. "House" is seen as the second most affordable property type. The most expensive property type is "House" followed by "Apartment". At a price of $435 it is 42 % more expensive than the average price.
According to the average cost per m², the most affordable property is "House" at an average price of $0.9 / m² followed by "Apartment" priced at $0.95 / m². "Apartment" is the most expensive type of property with a $0.95 / m² value followed by "House" with an average price of $0.9 / m².
