Property prices for rent in South Yarra (Victoria)
The rent prices in real estate in South Yarra, 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 South Yarra has risen strongly during the last 6 months. In October, the average price per m² was $1.33. In November this price barely changed remaining at $1.33 per m². The price for the following two months in (December, January) had a considerable rise of 3722 %. The price per m² has had a considerable fall of 4 % 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 $25.42 to $1 during February, and March.
When referring to the price in South Yarra (suburbs), this has risen considerably in the last 6 months. In our first sample month during October, the average price is $664. In November This price remains at $667. During the following two months (December, January) the average price had a considerable rise of 222 % 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 $1,072.75 to $673, which means a 63 % 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 $664 they are 32 % more affordable than the average price for South Yarra . The properties with the highest average price have 4 bedrooms, Their price is 1646 % more expensive than the average. After that we have properties with 3 bedrooms priced at $1,649.
With regard to the average price per m², those properties with 3 bedrooms are the most expensive ones at a cost of $4 / m², with an average $1 / m² price in South Yarra. The properties with the most expensive average prices have 4 bedrooms. They are 24200 % more expensive than the average followed by properties with 3 bedrooms with a price at $4 / m².
With regard to the average price based on the property in South Yarra we can see that the least affordable type of property is "Apartment" at $11,548, which is 1639 % more expensive than the average price. "Apartment" has the most expensive price. This price is 1639 % more expensive than the average price aforementioned.
According to the average area price by m² the most expensive property type is "Apartment with an average cost of $239 / m². "Apartment" at an average price of $239 / m² has the highest price and would be directed at more affluent cities.
