The rent prices in real estate in Mount Richmond, 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 Mount Richmond has risen strongly during the last 6 months. In October, the average price per m² was $1.3. In November this price barely changed remaining at $1.3 per m². The price for the following two months in (December, January) had a considerable rise of 1201 %. The price per m² has had a considerable rise of 1256 % 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 $8.45 to $106.19 during February, and March.
When referring to the price in Mount Richmond (suburbs), this has risen considerably in the last 6 months. In our first sample month during October, the average price is $705. In November This price remains at $705. During the following two months (December, January) the average price had a considerable rise of 896 % 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 363 % during the last two months.
The graph displaying the average rent price for bedrooms illustrates that those properties with 3 bedrooms are the most affordable ones. At a price of $14,360 they are 94 % more affordable than the average price for Mount Richmond . Based on the bedrooms values, properties with the most expensive rent prices are those with 2 bedrooms. They are 26 % more expensive than the average aforementioned.
With regard to the average price per m², those properties with 2 bedrooms are the most affordable ones at a cost of $31 / m², with an average $120.34 / m² price in Mount Richmond. Properties with the most affordable price when referring to the number of bedrooms / m² are those with 1 bedroom. They are 63 % more affordable than the average value aforementioned.