The rent prices in real estate in Torquay, 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 Torquay has risen strongly during the last 6 months. In December, the average price per m² was $2. In the following month the price per m² rose considerably to $96. The price for the following two months in (February, March) had a considerable rise of 126 %. The price per m² has fallen 89 % 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 $55.47 to $49.24 during April, and May.
When referring to the price in Torquay (suburbs), this has risen considerably in the last 6 months. The average price during our first sample month during December, is $1,151. During January the price went through a considerable rise reaching $11,929. During the following two months (February, March) the average price had a considerable rise of 147 % 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 $8,069 to $3,684.5, which means a 46 % fall.
The graph showing the average price for bedrooms displays the property with the most affordable price has 1 bedroom. It is 19 % more affordable than the average price of $444 in Torquay. Based on the bedrooms values, properties with the most affordable rent prices are those with 1 bedroom. They are 19 % more affordable than the average aforementioned.
According to average price per property type in Torquay, "" priced at $444 is 19 % lower than the average price ($550) in this city.