The rent prices in real estate in Innaloo, in the Western Australia 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 Innaloo has risen strongly during the last 6 months. In October, the average price per m² was $0.82. In the following month the price per m² rose to $0.87. The price for the following two months in (December, January) had a considerable rise of 120 %. The price per m² has risen 106 % 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 $0.93 to $0.99 during February, and March.
When referring to the price in Innaloo (suburbs), this has risen in the last 6 months. In our first sample month during October, the average price is $643. In November This price remains at $636. During the following two months (December, January) the average price had a considerable rise of 116 % with regard to the previous two months. 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 $750 they are 23 % more affordable than the average price for Innaloo . The properties with the highest average price have 4 bedrooms, Their price is 34 % more expensive than the average. After that we have properties with 3 bedrooms priced at $702.
With regard to the average price per m², those properties with 3 bedrooms are the most affordable ones at a cost of $0.83 / m², with an average $0.97 / m² price in Innaloo. The properties with the most expensive average prices have 1 bedroom. They are 105 % more expensive than the average followed by properties with 2 bedrooms with a price at $1.19 / m².
The graph displaying the average rent prices displays the property type "Condo" as the most affordable one. At an cost of $750 it is 11 % more affordable than the average price in Innaloo. "House" is seen as the second most affordable property type. The most expensive property type is "House" followed by "Condo". At a price of $669 it is 5 % more expensive than the average price.
According to the average cost per m², the most affordable property is "House" at an average price of $0.87 / m² followed by "Condo" priced at $1.28 / m². "Condo" is the most expensive type of property with a $1.28 / m² value followed by "House" with an average price of $0.87 / m².