The rent prices in real estate in Ivanhoe, in the Victoria region have fallen considerably in the last couple of months. There has been a strong fall in the rent prices in this city.
The price per m² in Ivanhoe has had a strong fall during the last 6 months. In October, the average price per m² was $16.15. In the following month the price per m² fell considerably to $13.12. The price for the following two months in (December, January) had a considerable fall of 31 with regard to the previous two months. The price per m² has had a considerable fall of 11 % 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 $9.6 to $1.03 during February, and March.
When referring to the price in Ivanhoe (suburbs), this has fallen considerably in the last 6 months. The average price for October is $8,580. During November the price had a considerable fall till $7,051. During the following two months (December, January) the average price had a considerable fall of 34 % 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 $5,241.75 to $613.5, which means a 12 % 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 $628 they are 33 % more affordable than the average price for Ivanhoe . The properties with the highest average price have 4 bedrooms, Their price is 63 % more expensive than the average. After that we have properties with 3 bedrooms priced at $795.
With regard to the average price per m², those properties with 4 bedrooms are the most affordable ones at a cost of $0.88 / m², with an average $1.03 / m² price in Ivanhoe. The properties with the most expensive average prices have 1 bedroom. They are 23 % more expensive than the average followed by properties with 2 bedrooms with a price at $1.05 / m².
The graph displaying the average rent prices displays the property type "Apartment" as the most affordable one. At an cost of $628 it is 14 % more affordable than the average price in Ivanhoe. "House" is seen as the second most affordable property type. The most expensive property type is "House" followed by "Apartment". At a price of $541 it is 19 % more expensive than the average price.
According to the average cost per m², the most affordable property is "House" at an average price of $0.96 / m² followed by "Apartment" priced at $1.1 / m². "Apartment" is the most expensive type of property with a $1.1 / m² value followed by "House" with an average price of $0.96 / m².