Property prices for rent in Thornbury (Victoria)
The rent prices in real estate in Thornbury, 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 Thornbury has risen strongly during the last 6 months. In October, the average price per m² was $1.02. In November this price barely changed remaining at $1.02 per m². The price for the following two months in (December, January) had a considerable rise of 513 %. The price per m² has had a considerable fall of 33 % 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 $3.13 to $1.03 during February, and March.
When referring to the price in Thornbury (suburbs), this has risen considerably in the last 6 months. In our first sample month during October, the average price is $562. In November This price remains at $558. During the following two months (December, January) the average price had a considerable rise of 409 % 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 $1,426.5 to $574, which means a 40 % 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 $581 they are 33 % more affordable than the average price for Thornbury . The properties with the highest average price have 4 bedrooms, Their price is 66 % more expensive than the average. After that we have properties with 3 bedrooms priced at $776.
With regard to the average price per m², those properties with 3 bedrooms are the most affordable ones at a cost of $0.97 / m², with an average $1.02 / m² price in Thornbury. The properties with the most expensive average prices have 1 bedroom. They are 23 % more expensive than the average followed by properties with 2 bedrooms with a price at $0.98 / m².
With regard to the average price based on the property in Thornbury we can see that the most affordable type of property is "House" at $439, which is 24 % cheaper than the average price. "House" has the most affordable price. This price is 24 % 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.
