Property prices for rent in Floreat (Western Australia)

The price per m² in Floreat has had a strong fall during the last 6 months. In October, the average price per m² was $4.04. In the following month the price per m² fell considerably to $1.33. The price for the following two months in (December, January) had a considerable fall of 43 with regard to the previous two months. The price per m² has had a considerable fall of 59 % 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 $1.92 to $1.13 during February, and March.

When referring to the price in Floreat (suburbs), there have hardly been any changes in the last 6 months. The average price during our first sample month during October, is $698. During November the price went through a considerable rise reaching $861. During the following two months (December, January) the average price fell 93 % with regard to the previous two months. During the last two months, the average price has fallen with regard to the previous ones. To be precise it has fallen 88 %, going from $752.25 to $663 in February and March.

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 $675 they are 41 % more affordable than the average price for Floreat . The properties with the highest average price have 4 bedrooms, Their price is 59 % more expensive than the average. After that we have properties with 3 bedrooms priced at $872.

With regard to the average price per m², those properties with 3 bedrooms are the most affordable ones at a cost of $0.98 / m², with an average $1.15 / m² price in Floreat. The properties with the most expensive average prices have 1 bedroom. They are 16 % more expensive than the average followed by properties with 2 bedrooms with a price at $1.14 / m².

The graph displaying the average rent prices displays the property type "House" as the most affordable one. At an cost of $675 it is 27 % more affordable than the average price in Floreat. "Condo" is seen as the second most affordable property type. The most expensive property type is "Condo" followed by "House". At a price of $491 it is 39 % more expensive than the average price.

According to the average cost per m², the most affordable property is "Condo" at an average price of $1.1 / m² followed by "House" priced at $1.21 / m². "House" is the most expensive type of property with a $1.21 / m² value followed by "Condo" with an average price of $1.1 / m².