Property prices for rent in Melbourne (Victoria)

The rent prices in real estate in Melbourne, in the Victoria region have risen considerably in the last couple of months. There has been a strong rise in the rent prices this city.

$764
Average price last 6 months
$16.62
Price/m² last 6 months
Average price per m2

The price per m² in Melbourne has risen strongly during the last 6 months. In May, the average price per m² was $7.32. In the following month the price per m² fell considerably to $1.91. The price for the following two months in (July, August) had a considerable fall of 33 with regard to the previous two months. The price per m² has had a considerable rise of 1422 % 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 $3.07 to $43.72 during September, and October.

Average price

When referring to the price in Melbourne (suburbs), this has risen considerably in the last 6 months. The average price for May is $506. During June the price had a slight fall till $437. During the following two months (July, August) the average price fell 90 % 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 had a strong increase of 313 % during the last two months.

Average price per bedrooms

The graph showing the average price for bedrooms displays the property with the most affordable price has 1 bedroom. It is 0 % more affordable than the average price of $2,384 in Melbourne. Based on the bedrooms values, properties with the most affordable rent prices are those with 1 bedroom. They are 0 % more affordable than the average aforementioned.

With regard to the average prices per m² those properties with 1 bedroom are 0 % more affordable than the average price of ($86.11 / m²) in Melbourne. 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.

Price per property type

With regard to the average price based on the property in Melbourne we can see that the most affordable type of property is "House" at $2,384, which is 0 % cheaper than the average price. "House" has the most affordable price. This price is 0 % more affordable than the average price aforementioned.

According to the average area price by m² the most affordable property type is "House with an average cost of $86.11 / m². "House" with an average price of $86.11 / m² has the most affordable price and would be directed at less affluent cities.

Charts data
Average price October
Average price per m² October
Number of properties used in Melbourne
Number of properties used in region Victoria
$2,384
$86.11
3,068
18,130
** Graph's data with null or zero value are due to there isn't enough data available to get a reliable value