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.
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.
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.
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.
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.