The rent prices in real estate in Torquay, in the Victoria region have fallen considerably in the last couple of months. There has been a strong fall in the rent prices in this city.
The price per m² in Torquay has had a strong fall during the last 6 months. In March, the average price per m² was $122.99. In the following month the price per m² fell considerably to $94. The price for the following two months in (May, June) had a considerable fall of 3 with regard to the previous two months. The price per m² has had a considerable fall of 2 % 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 $55.65 to $1.11 during July, and August.
When referring to the price in Torquay (suburbs), this has fallen considerably in the last 6 months. The average price for March is $18,703. During April the price had a considerable fall till $6,819. During the following two months (May, June) the average price had a considerable fall of 4 % 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 $6,653 to $534, which means a 8 % fall.
The graph showing the average price for bedrooms displays the property with the most affordable price has 1 bedroom. It is 21 % more affordable than the average price of $441 in Torquay. Based on the bedrooms values, properties with the most affordable rent prices are those with 1 bedroom. They are 21 % more affordable than the average aforementioned.
According to average price per property type in Torquay, "" priced at $441 is 21 % lower than the average price ($557) in this city.