Property prices for rent in Footscray (Victoria)
The rent prices in real estate in Footscray, 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 Footscray has risen strongly during the last 6 months. In October, the average price per m² was $0.89. In November this price barely changed remaining at $0.92 per m². The price for the following two months in (December, January) had a considerable rise of 118 %. The price per m² has risen 108 % 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 $0.99 to $1.06 during February, and March.
When referring to the price in Footscray (suburbs), this has risen considerably in the last 6 months. The rent price in October is $448, rising in November till $473. During the following two months (December, January) the price has had an average rise from $460.5 to $523.5. Based on an analysis of the first four prices and the last two months the average price has increased 108 % 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 $531 they are 18 % more affordable than the average price for Footscray . The properties with the highest average price have 3 bedrooms, Their price is 25 % more expensive than the average. After that we have properties with 4 bedrooms priced at $590.
With regard to the average price per m², those properties with 3 bedrooms are the most affordable ones at a cost of $0.81 / m², with an average $1.06 / m² price in Footscray. The properties with the most expensive average prices have 1 bedroom. They are 32 % more expensive than the average followed by properties with 2 bedrooms with a price at $1 / m².
