Property prices for rent in Southbank (Victoria)

The rent prices in real estate in Southbank, 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.

$788.67
Average price last 6 months
$6.28
Price/m² last 6 months
Average price per m2

The price per m² in Southbank has risen strongly during the last 6 months. In September, the average price per m² was $1.67. In the following month the price per m² rose considerably to $1.94. The price for the following two months in (November, December) had a considerable rise of 299 %. The price per m² has had a considerable rise of 323 % 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 $3.6 to $11.65 during January, and February.

Average price

When referring to the price in Southbank (suburbs), this has risen considerably in the last 6 months. In our first sample month during September, the average price is $652. In October This price remains at $660. During the following two months (November, December) the price has had an average rise from $656 to $726.5. Based on an analysis of the first four prices and the last two months the average price has had a strong increase of 142 % during the last two months.

Average price per bedrooms

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 $1,176 they are 54 % more affordable than the average price for Southbank . The properties with the highest average price have 4 bedrooms, Their price is 274 % more expensive than the average. After that we have properties with 3 bedrooms priced at $1,117.

With regard to the average price per m², those properties with 1 bedroom are the most affordable ones at a cost of $1 / m², with an average $13.71 / m² price in Southbank. The properties with the most expensive average prices have 4 bedrooms. They are 3263 % more expensive than the average followed by properties with 1 bedroom with a price at $1 / m².

Price per property type

The graph displaying the average rent prices displays the property type "" as the most expensive one. At an cost of $1,176 it is 85 % more expensive than the average price in Southbank. "Apartment" is seen as the second most expensive property type. The most expensive property type is "Apartment" followed by "". At a price of $2,178 it is 274 % more expensive than the average price.

According to the average area price by m² the most expensive property type is "Apartment with an average cost of $461 / m². "Apartment" at an average price of $461 / m² has the highest price and would be directed at more affluent cities.

Charts data
Average price February
Average price per m² February
Number of properties used in Southbank
Number of properties used in region Victoria
$1,176
$13.71
2,170
270,202
** Graph's data with null or zero value are due to there isn't enough data available to get a reliable value