The rent prices in real estate in Pascoe Vale, 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 Pascoe Vale has had a strong fall during the last 6 months. In September, the average price per m² was $25.48. In October this price barely changed remaining at $25.48 per m². The price for the following two months in (November, December) had a considerable fall of 32 with regard to the previous two months. The price per m² has had a considerable fall of 5 % 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 $16.81 to $0.86 during January, and February.
When referring to the price in Pascoe Vale (suburbs), this has fallen considerably in the last 6 months. In our first sample month during September, the average price is $11,148. In October This price remains at $11,148. During the following two months (November, December) the average price had a considerable fall of 32 % 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 $7,364.25 to $523.5, which means a 7 % fall.
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 $532 they are 26 % more affordable than the average price for Pascoe Vale . 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 $603.
With regard to the average price per m², those properties with 4 bedrooms are the most affordable ones at a cost of $0.71 / m², with an average $0.85 / m² price in Pascoe Vale. The properties with the most expensive average prices have 1 bedroom. They are 36 % more expensive than the average followed by properties with 2 bedrooms with a price at $0.93 / m².
The graph displaying the average rent prices displays the property type "Apartment" as the most affordable one. At an cost of $532 it is 18 % more affordable than the average price in Pascoe Vale. "House" is seen as the second most affordable property type. The most expensive property type is "House" followed by "Apartment". At a price of $434 it is 11 % more expensive than the average price.
According to the average cost per m², the most affordable property is "House" at an average price of $0.81 / m² followed by "Apartment" priced at $0.95 / m². "Apartment" is the most expensive type of property with a $0.95 / m² value followed by "House" with an average price of $0.81 / m².