The rent prices in real estate in Narre Warren, 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 Narre Warren has had a strong fall during the last 6 months. In November, the average price per m² was $267.09. In the following month the price per m² fell considerably to $159.81. The price for the following two months in (January, February) had a considerable fall of 41 with regard to the previous two months. The price per m² has had a considerable rise of 203 % 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 $150.6 to $305.48 during March, and April.
When referring to the price in Narre Warren (suburbs), this has risen in the last 6 months. The average price during our first sample month during November, is $10,702. During December the price went through a considerable rise reaching $18,452. During the following two months (January, February) the average price had a considerable fall of 77 % with regard to the previous two months. During the last two months the average price has fallen greatly compared to the previous four going from $12,931 to $9,823, which means a 76 % fall.
The graph showing the average price for bedrooms displays the property with the most affordable price has 1 bedroom. It is 7 % more affordable than the average price of $17,908 in Narre Warren. Based on the bedrooms values, properties with the most affordable rent prices are those with 1 bedroom. They are 7 % more affordable than the average aforementioned.
With regard to the average prices per m² those properties with 1 bedroom are 78 % more affordable than the average price of ($131 / m²) in Narre Warren. Properties with the most affordable price when referring to the number of bedrooms / m² are those with 1 bedroom. They are 78 % more affordable than the average value aforementioned.
With regard to the average price based on the property in Narre Warren we can see that the most affordable type of property is "House" at $17,908, which is 7 % cheaper than the average price. "House" has the most affordable price. This price is 7 % more affordable than the average price aforementioned.
According to the average area price by m² the most affordable property type is "House with an average cost of $131 / m². "House" with an average price of $131 / m² has the most affordable price and would be directed at less affluent cities.