The rent prices in real estate in Ferntree Gully, in the Victoria region have fallen considerably in the last couple of months. There has been a strong fall in the rent prices in this city.
The price per m² in Ferntree Gully has had a strong fall during the last 6 months. In November, the average price per m² was $155. In the following month the price per m² fell considerably to $129. The price for the following two months in (January, February) had a considerable fall of 75 with regard to the previous two months. The price per m² has had a considerable fall of 81 % 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 $124.25 to $100.5 during March, and April.
When referring to the price in Ferntree Gully (suburbs), there have hardly been any changes in the last 6 months. In our first sample month during November, the average price is $24,975. In December This price remains at $24,975. In the following two months the average price has hardly changed with regard to the previous two months from $24,975 to $25,546. During the last two months, the average price has fallen with regard to the previous ones. To be precise it has fallen 95 %, going from $25,260.5 to $23,915 in March and April.
The graph showing the average price for bedrooms displays the property with the most affordable price has 1 bedroom. It is 10 % more affordable than the average price of $15,240 in Ferntree Gully. Based on the bedrooms values, properties with the most affordable rent prices are those with 1 bedroom. They are 10 % more affordable than the average aforementioned.
With regard to the average prices per m² those properties with 1 bedroom are 6 % more affordable than the average price of ($102 / m²) in Ferntree Gully. Properties with the most affordable price when referring to the number of bedrooms / m² are those with 1 bedroom. They are 6 % more affordable than the average value aforementioned.
With regard to the average price based on the property in Ferntree Gully we can see that the most affordable type of property is "House" at $15,240, which is 10 % cheaper than the average price. "House" has the most affordable price. This price is 10 % more affordable than the average price aforementioned.
According to the average area price by m² the most affordable property type is "House with an average cost of $102 / m². "House" with an average price of $102 / m² has the most affordable price and would be directed at less affluent cities.