The rent prices in real estate in Mornington, in the Tasmania region have slightly risen in the last couple of months. There has been a rise in the rent prices in this city.
The price per m² in Mornington has risen during the last 6 months. In October, the average price per m² was $0.66. In November this price barely changed remaining at $0.66 per m². In the following two months the price per m² has risen 114 %, going from $0.66 to $0.75 per m². The price per m² has risen 106 % 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 $0.71 to $0.75 during February, and March.
When referring to the price in Mornington (suburbs), this has risen in the last 6 months. In our first sample month during October, the average price is $490. In November This price remains at $490. During the following two months (December, January) the price has had an average rise from $490 to $538. Based on an analysis of the first four prices and the last two months the average price has increased 112 % 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 $592 they are 37 % more affordable than the average price for Mornington . The properties with the highest average price have 4 bedrooms, Their price is 22 % more expensive than the average. After that we have properties with 3 bedrooms priced at $598.
With regard to the average price per m², those properties with 4 bedrooms are the most affordable ones at a cost of $0.65 / m², with an average $0.76 / m² price in Mornington. The properties with the most expensive average prices have 1 bedroom. They are 67 % more expensive than the average followed by properties with 2 bedrooms with a price at $1 / m².
The graph displaying the average rent prices displays the property type "Apartment" as the most affordable one. At an cost of $592 it is 28 % more affordable than the average price in Mornington. "House" is seen as the second most affordable property type. The most expensive property type is "Condo" followed by "House". At a price of $632 it is 17 % more expensive than the average price.
According to the average cost per m², the most affordable property is "House" at an average price of $0.67 / m² followed by "Condo" priced at $0.74 / m². "Apartment" is the most expensive type of property with a $1.09 / m² value followed by "Condo" with an average price of $0.74 / m².