The rent prices in real estate in Narre Warren, 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 Narre Warren has risen strongly during the last 6 months. In October, the average price per m² was $21. In the following month the price per m² fell to $19. In the following two months the price per m² has practically remained the same, going from $20 to $20 per m². The price per m² has had a considerable rise of 645 % 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 $20 to $129 during February, and March.
When referring to the price in Narre Warren (suburbs), this has risen considerably in the last 6 months. In our first sample month during October, the average price is $507. In November This price remains at $484. In the following two months the average price has hardly changed with regard to the previous two months from $495.5 to $505. Based on an analysis of the first four prices and the last two months the average price has had a strong increase of 747 % during the last two months.
The graph showing the average price for bedrooms displays the property with the most expensive price has 1 bedroom. It is 3361 % more expensive than the average price of $17,512 in Narre Warren. Based on the bedrooms values, properties with the most expensive rent prices are those with 1 bedroom. They are 3361 % more expensive than the average aforementioned.
With regard to the average prices per m² those properties with 1 bedroom are 445 % more expensive than the average price of ($109 / m²) in Narre Warren. Properties with the most expensive price when referring to the number of bedrooms / m² are those with 1 bedroom. They are 445 % more expensive than the average value aforementioned.
With regard to the average price based on the property in Narre Warren we can see that the least affordable type of property is "House" at $17,512, which is 3361 % more expensive than the average price. "House" has the most expensive price. This price is 3361 % more expensive 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 $109 / m². "House" at an average price of $109 / m² has the highest price and would be directed at more affluent cities.