The rent prices in real estate in Mildura, 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.
The price per m² in Mildura has risen strongly during the last 6 months. In October, the average price per m² was $0.59. In the following month the price per m² rose to $0.65. The price for the following two months in (December, January) had a considerable rise of 535 %. The price per m² has had a considerable rise of 151 % 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 $1.97 to $2.96 during February, and March.
When referring to the price in Mildura (suburbs), this has risen considerably in the last 6 months. The average price during our first sample month during October, is $693. During November the price went through a considerable rise reaching $846. During the following two months (December, January) the average price had a considerable rise of 431 % 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 203 % during the last two months.
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 $4,668 they are 95 % more affordable than the average price for Mildura . The properties with the lowest average price have 4 bedrooms, Their price is 89 % more affordable than the average. After that we have properties with 3 bedrooms priced at $394.
According to average price per property type in Mildura, "" priced at $2,398 is 49 % lower than the average price ($4,668) in this city.