Property prices for rent in Notting Hill (Victoria)
The rent prices in real estate in Notting Hill, in the Victoria region have slightly risen in the last couple of months. There has been a rise in the rent prices in this city.
The price per m² in Notting Hill has risen during the last 6 months. In October, the average price per m² was $0.84. In the following month the price per m² rose considerably to $1.01. In the following two months the price per m² has practically remained the same, going from $0.93 to $0.89 per m². The price per m² has fallen 95 % 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 $0.91 to $0.86 during February, and March.
When referring to the price in Notting Hill (suburbs), there have hardly been any changes in the last 6 months. The rent price in October is $493, rising in November till $526. In the following two months the average price has hardly changed with regard to the previous two months from $509.5 to $489.5. During the last two months, the average price has barely gone through any changes with regard to the previous average values going from an average value of $499.5 and $482.5 between February and March.
The graph displaying the average rent price for bedrooms illustrates that those properties with 1 bedroom are the most affordable ones. At a price of $491 they are 38 % more affordable than the average price for Notting Hill . The properties with the highest average price have 4 bedrooms, Their price is 47 % more expensive than the average. After that we have properties with 3 bedrooms priced at $574.
With regard to the average price per m², those properties with 4 bedrooms are the most affordable ones at a cost of $0.65 / m², with an average $0.85 / m² price in Notting Hill. The properties with the most expensive average prices have 2 bedrooms. They are 16 % more expensive than the average followed by properties with 1 bedroom with a price at $0.96 / m².
With regard to the average price based on the property in Notting Hill we can see that the most affordable type of property is "House" at $480, which is 2 % cheaper than the average price. "House" has the most affordable price. This price is 2 % more affordable 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 $0.99 / m². "House" at an average price of $0.99 / m² has the highest price and would be directed at more affluent cities.
