Property prices for rent in Toorak (Victoria)

The price per m² in Toorak has had a strong fall during the last 6 months. In October, the average price per m² was $1.26. In November this price barely changed remaining at $1.26 per m². The price for the following two months in (December, January) had a considerable fall of 55 with regard to the previous two months. The price per m² has had a considerable fall of 51 % 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 $0.5 during February, and March.

When referring to the price in Toorak (suburbs), this has fallen considerably in the last 6 months. In our first sample month during October, the average price is $887. In November This price remains at $887. During the following two months (December, January) the average price had a considerable fall of 68 % 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 $744.25 to $428.5, which means a 58 % 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 $857 they are 56 % more affordable than the average price for Toorak . The properties with the highest average price have 4 bedrooms, Their price is 34 % more expensive than the average. After that we have properties with 3 bedrooms priced at $1,075.

With regard to the average prices per m² those properties with 4 bedrooms are 0 % more affordable than the average price of ($1 / m²) in Toorak. Properties with the most affordable price when referring to the number of bedrooms / m² are those with 4 bedrooms. They are 0 % more affordable than the average value aforementioned.