Property prices for rent in Prahran (Victoria)
The rent prices in real estate in Prahran, 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 Prahran has risen strongly during the last 6 months. In October, the average price per m² was $1.25. In November this price barely changed remaining at $1.25 per m². The price for the following two months in (December, January) had a considerable rise of 152 %. The price per m² has had a considerable fall of 78 % 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 $1.57 to $1.23 during February, and March.
When referring to the price in Prahran (suburbs), this has risen considerably in the last 6 months. In our first sample month during October, the average price is $620. In November This price remains at $603. During the following two months (December, January) the average price had a considerable rise of 166 % 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 $813 to $607.5, which means a 75 % 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 $604 they are 26 % more affordable than the average price for Prahran . The properties with the highest average price have 4 bedrooms, Their price is 107 % more expensive than the average. After that we have properties with 3 bedrooms priced at $928.
With regard to the average price per m², those properties with 4 bedrooms are the most affordable ones at a cost of $1 / m², with an average $1.24 / m² price in Prahran. The properties with the most expensive average prices have 1 bedroom. They are 15 % more expensive than the average followed by properties with 2 bedrooms with a price at $1.18 / m².
With regard to the average price based on the property in Prahran we can see that the most affordable type of property is "House" at $530, which is 12 % cheaper than the average price. "House" has the most affordable price. This price is 12 % 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 $1 / m². "House" with an average price of $1 / m² has the most affordable price and would be directed at less affluent cities.
