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.
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.
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.
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.
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.