The rent prices in real estate in Kennington, in the Victoria region have slightly risen in the last couple of months. There has been a rise in the rent prices in this city.
The price per m² in Kennington has risen during the last 6 months. In November, the average price per m² was $0.6. In the following month the price per m² rose to $0.67. In the following two months the price per m² has practically remained the same, going from $0.63 to $0.65 per m². The price per m² has hardly changed in the last two months compared to the average price of the previous four months going from an average price of $0.64 to $0.63 during March y April
When referring to the price in Kennington (suburbs), this has fallen in the last 6 months. In our first sample month during November, the average price is $487. In December This price remains at $480. In the following two months the average price has hardly changed with regard to the previous two months from $483.5 to $461. During the last two months, the average price has fallen with regard to the previous ones. To be precise it has fallen 95 %, going from $472.25 to $446.5 in March and April.
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 $441 they are 40 % more affordable than the average price for Kennington . The properties with the highest average price have 4 bedrooms, Their price is 15 % more expensive than the average. After that we have properties with 3 bedrooms priced at $450.
With regard to the average price per m², those properties with 4 bedrooms are the most affordable ones at a cost of $0.46 / m², with an average $0.63 / m² price in Kennington. The properties with the most expensive average prices have 1 bedroom. They are 51 % more expensive than the average followed by properties with 2 bedrooms with a price at $0.88 / m².
The graph displaying the average rent prices displays the property type "Apartment" as the most affordable one. At an cost of $441 it is 26 % more affordable than the average price in Kennington. "House" is seen as the second most affordable property type. The most expensive property type is "House" followed by "Apartment". At a price of $328 it is 1 % more expensive than the average price.
According to the average cost per m², the most affordable property is "House" at an average price of $0.63 / m² followed by "Apartment" priced at $0.82 / m². "Apartment" is the most expensive type of property with a $0.82 / m² value followed by "House" with an average price of $0.63 / m².