Property prices for rent in Fitzroy (Victoria)

The price per m² in Fitzroy has risen strongly during the last 6 months. In October, the average price per m² was $1.45. In November this price barely changed remaining at $1.44 per m². The price for the following two months in (December, January) had a considerable rise of 373 %. The price per m² has had a considerable fall of 44 % 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 $3.42 to $1.52 during February, and March.

When referring to the price in Fitzroy (suburbs), this has risen considerably in the last 6 months. In our first sample month during October, the average price is $731. In November This price remains at $748. During the following two months (December, January) the average price had a considerable rise of 334 % with regard to the previous two months. During the last two months the average price has fallen greatly compared to the previous four going from $1,606.25 to $736, which means a 46 % fall.

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 $756 they are 33 % more affordable than the average price for Fitzroy . The properties with the highest average price have 3 bedrooms, Their price is 93 % more expensive than the average. After that we have properties with 4 bedrooms priced at $1,373.

With regard to the average price per m², those properties with 4 bedrooms are the most affordable ones at a cost of $1 / m², with an average $1.58 / m² price in Fitzroy. The properties with the most expensive average prices have 1 bedroom. They are 9 % more expensive than the average followed by properties with 3 bedrooms with a price at $1.68 / m².