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.
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
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.
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.
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.