Property prices for rent in Glen Iris (Victoria)

The price per m² in Glen Iris has risen strongly during the last 6 months. In October, the average price per m² was $1.04. In November this price barely changed remaining at $1.04 per m². In the following two months the price per m² has practically remained the same, going from $1.04 to $1 per m². The price per m² has had a considerable rise of 205 % 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 $1.02 to $2.1 during February, and March.

When referring to the price in Glen Iris (suburbs), there have hardly been any changes in the last 6 months. In our first sample month during October, the average price is $714. In November This price remains at $714. In the following two months the average price has hardly changed with regard to the previous two months from $714 to $716. 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 $715 to $626.5 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 $713 they are 44 % more affordable than the average price for Glen Iris . The properties with the highest average price have 4 bedrooms, Their price is 58 % more expensive than the average. After that we have properties with 3 bedrooms priced at $799.

With regard to the average prices per m² those properties with 1 bedroom are 0 % more affordable than the average price of ($1 / m²) in Glen Iris. Properties with the most affordable price when referring to the number of bedrooms / m² are those with 1 bedroom. They are 0 % more affordable than the average value aforementioned.