Property prices for rent in Mount Richmond (Victoria)

The rent prices in real estate in Mount Richmond, 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.

$719.33
Average price last 6 months
$17.25
Price/m² last 6 months
Average price per m2

The price per m² in Mount Richmond has had a strong fall during the last 6 months. In October, the average price per m² was $23.53. In the following month the price per m² fell to $20.94. The price for the following two months in (December, January) had a considerable fall of 57 with regard to the previous two months. The price per m² has hardly changed in the last two months compared to the average price of the previous four months going from an average price of $17.45 to $16.85 during February y March

Average price

When referring to the price in Mount Richmond (suburbs), this has risen considerably in the last 6 months. The average price during our first sample month during October, is $583. During November the price went through a considerable rise reaching $842. During the following two months (December, January) the price has had an average rise from $712.5 to $777. During the last two months, the average price has fallen with regard to the previous ones. To be precise it has fallen 90 %, going from $744.75 to $668.5 in February and March.

Average price per bedrooms

The graph displaying the average rent price for bedrooms illustrates that those properties with 2 bedrooms are the most expensive ones. At a price of $724 they are 1404 % more expensive than the average price for Mount Richmond. Following this ranking we find those properties with 1 at an average price of $11,012. The properties with the highest average price have 1 bedroom, Their price is 1421 % more expensive than the average. After that we have properties with 2 bedrooms priced at $10,891.

With regard to the average price per m², those properties with 2 bedrooms are the most expensive ones at a cost of $76 / m², with an average $24.87 / m² price in Mount Richmond. The properties with the most expensive average prices have 1 bedroom. They are 1090 % more expensive than the average followed by properties with 2 bedrooms with a price at $76 / m².

Price per property type

With regard to the average price based on the property in Mount Richmond we can see that the least affordable type of property is "Apartment" at $10,891, which is 1404 % more expensive than the average price. "Apartment" has the most expensive price. This price is 1404 % more expensive than the average price aforementioned.

According to the average area price by m² the most expensive property type is "Apartment with an average cost of $76 / m². "Apartment" at an average price of $76 / m² has the highest price and would be directed at more affluent cities.

Charts data
Average price March
Average price per m² March
Number of properties used in Mount Richmond
Number of properties used in region Victoria
$724
$24.87
96
7,798
** Graph's data with null or zero value are due to there isn't enough data available to get a reliable value