Property prices for rent in Malvern (Victoria)
The rent prices in real estate in Malvern, 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 Malvern has had a strong fall during the last 6 months. In October, the average price per m² was $15.39. In the following month the price per m² fell to $13.86. The price for the following two months in (December, January) fell 92 % with regard to the previous two months. The price per m² has had a considerable fall of 9 % 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 $14.03 to $1.28 during February, and March.
When referring to the price in Malvern (suburbs), this has fallen considerably in the last 6 months. The average price for October is $10,664. During November the price had a slight fall till $9,414. During the following two months (December, January) the average price fell 86 % 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 $9,360 to $802.5, which means a 9 % 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 $807 they are 46 % more affordable than the average price for Malvern . The properties with the highest average price have 4 bedrooms, Their price is 47 % more expensive than the average. After that we have properties with 3 bedrooms priced at $1,051.
With regard to the average price per m², those properties with 4 bedrooms are the most affordable ones at a cost of $1.07 / m², with an average $1.26 / m² price in Malvern. The properties with the most expensive average prices have 1 bedroom. They are 21 % more expensive than the average followed by properties with 3 bedrooms with a price at $1.23 / m².
The graph displaying the average rent prices displays the property type "Apartment" as the most affordable one. At an cost of $807 it is 36 % more affordable than the average price in Malvern. "House" is seen as the second most affordable property type. The most expensive property type is "House" followed by "Apartment". At a price of $520 it is 45 % more expensive than the average price.
According to the average cost per m², the most affordable property is "Apartment" at an average price of $1.25 / m² followed by "House" priced at $1.29 / m². "House" is the most expensive type of property with a $1.29 / m² value followed by "Apartment" with an average price of $1.25 / m².
