Property prices for rent in Midland (Western Australia)
The rent prices in real estate in Midland, in the Western Australia region have risen considerably in the last couple of months. There has been a strong rise in the rent prices this city.
The price per m² in Midland has risen strongly during the last 6 months. In October, the average price per m² was $0.65. In November this price barely changed remaining at $0.63 per m². The price for the following two months in (December, January) had a considerable rise of 218 %. The price per m² has had a considerable rise of 171 % 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 $1.02 to $1.74 during February, and March.
When referring to the price in Midland (suburbs), there have hardly been any changes in the last 6 months. In our first sample month during October, the average price is $467. In November This price remains at $481. In the following two months the average price has hardly changed with regard to the previous two months from $474 to $479.5. 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 $476.75 and $500.5 between February and March.
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 $498 they are 61 % more affordable than the average price for Midland . The properties with the highest average price have 4 bedrooms, Their price is 31 % more expensive than the average. After that we have properties with 3 bedrooms priced at $488.
According to average price per property type in Midland, "" priced at $493 is 1 % lower than the average price ($498) in this city.
