Property prices for rent in Mordialloc (Victoria)
The rent prices in real estate in Mordialloc, in the Victoria region have fallen considerably in the last couple of months. There has been a strong fall in the rent prices in this city.
The price per m² in Mordialloc has had a strong fall during the last 6 months. In October, the average price per m² was $27.97. In the following month the price per m² fell to $24.62. The price for the following two months in (December, January) had a considerable fall of 4 with regard to the previous two months. The price per m² has had a considerable fall of 7 % 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 $13.71 to $0.95 during February, and March.
When referring to the price in Mordialloc (suburbs), this has fallen considerably in the last 6 months. The average price for October is $13,624. During November the price had a slight fall till $11,972. During the following two months (December, January) the average price had a considerable fall of 5 % 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 $6,704.75 to $610.5, which means a 9 % 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 $613 they are 37 % more affordable than the average price for Mordialloc . The properties with the highest average price have 3 bedrooms, Their price is 26 % more expensive than the average. After that we have properties with 4 bedrooms priced at $671.
With regard to the average price per m², those properties with 4 bedrooms are the most affordable ones at a cost of $0.59 / m², with an average $0.95 / m² price in Mordialloc. The properties with the most expensive average prices have 1 bedroom. They are 37 % more expensive than the average followed by properties with 2 bedrooms with a price at $1.04 / m².
With regard to the average price based on the property in Mordialloc we can see that the most affordable type of property is "House" at $508, which is 17 % cheaper than the average price. "House" has the most affordable price. This price is 17 % more affordable than the average price aforementioned.
According to the average area price by m² the most expensive property type is "House with an average cost of $1.07 / m². "House" at an average price of $1.07 / m² has the highest price and would be directed at more affluent cities.
