Property prices for rent in Mitcham (Victoria)

The price per m² in Mitcham has risen strongly during the last 6 months. In November, the average price per m² was $0.79. In the following month the price per m² rose considerably to $4.45. The price for the following two months in (January, February) had a considerable fall of 31 with regard to the previous two months. The price per m² has had a considerable fall of 44 % 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 $1.71 to $0.75 during March, and April.

When referring to the price in Mitcham (suburbs), this has risen considerably in the last 6 months. The average price during our first sample month during November, is $572. During December the price went through a considerable rise reaching $3,632. During the following two months (January, February) the average price had a considerable fall of 27 % 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 $1,331.75 to $559.5, which means a 42 % 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 $551 they are 29 % more affordable than the average price for Mitcham . The properties with the highest average price have 4 bedrooms, Their price is 34 % more expensive than the average. After that we have properties with 3 bedrooms priced at $584.

According to average price per property type in Mitcham, "" priced at $586 is 6 % more expensive than the average price ($551) in this city.