The rent prices in real estate in Scarborough, in the Western Australia 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 Scarborough has risen strongly during the last 6 months. In October, the average price per m² was $0.86. In November this price barely changed remaining at $0.9 per m². The price for the following two months in (December, January) had a considerable rise of 122 %. The price per m² has had a considerable rise of 120 % 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 $0.98 to $1.17 during February, and March.
When referring to the price in Scarborough (suburbs), this has risen considerably in the last 6 months. In our first sample month during October, the average price is $606. In November This price remains at $615. During the following two months (December, January) the average price had a considerable rise of 125 % with regard to the previous two months. Based on an analysis of the first four prices and the last two months the average price has increased 108 % during the last two months.
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 $719 they are 32 % more affordable than the average price for Scarborough . The properties with the highest average price have 4 bedrooms, Their price is 77 % more expensive than the average. After that we have properties with 3 bedrooms priced at $911.
With regard to the average price per m², those properties with 4 bedrooms are the most affordable ones at a cost of $1.05 / m², with an average $1.19 / m² price in Scarborough. The properties with the most expensive average prices have 1 bedroom. They are 31 % more expensive than the average followed by properties with 2 bedrooms with a price at $1.2 / m².
The graph displaying the average rent prices displays the property type "House" as the most affordable one. At an cost of $719 it is 15 % more affordable than the average price in Scarborough. "Condo" is seen as the second most affordable property type. The most expensive property type is "Condo" followed by "House". At a price of $611 it is 19 % more expensive than the average price.
According to the average cost per m², the most affordable property is "Condo" at an average price of $1.12 / m² followed by "House" priced at $1.24 / m². "House" is the most expensive type of property with a $1.24 / m² value followed by "Condo" with an average price of $1.12 / m².