Property prices for rent in Melwood (Victoria)
The rent prices in real estate in Melwood, in the Victoria region have barely changed in the last couple of months. There have hardly been any changes in the rent prices in this city.
The price per m² in Melwood has barely changed in the last 6 months. In November, the average price per m² was $1.19. In the following month the price per m² rose to $1.32. In the following two months the price per m² has practically remained the same, going from $1.25 to $1.25 per m². The price per m² has fallen 95 % 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 $1.25 to $1.18 during March, and April.
When referring to the price in Melwood (suburbs), there have hardly been any changes in the last 6 months. The average price during our first sample month during November, is $592. During December the price went through a considerable rise reaching $719. During the following two months (January, February) the average price fell 88 % with regard to the previous two months. During the last two months, the average price has barely gone through any changes with regard to the previous average values going from an average value of $616.75 and $587.5 between 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 $626 they are 35 % more affordable than the average price for Melwood . The properties with the highest average price have 4 bedrooms, Their price is 109 % more expensive than the average. After that we have properties with 3 bedrooms priced at $1,136.
With regard to the average price per m², those properties with 2 bedrooms are the most affordable ones at a cost of $1.12 / m², with an average $1.16 / m² price in Melwood. The properties with the most expensive average prices have 3 bedrooms. They are 16 % more expensive than the average followed by properties with 1 bedroom with a price at $1.18 / m².
According to average price per property type in Melwood, "" priced at $541 is 14 % lower than the average price ($626) in this city.
