The rent prices in real estate in Truganina, 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 Truganina has had a strong fall during the last 6 months. In September, the average price per m² was $11.21. In the following month the price per m² rose to $12.88. The price for the following two months in (November, December) had a considerable fall of 18 with regard to the previous two months. The price per m² has had a considerable fall of 7 % 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 $7.11 to $0.5 during January, and February.
When referring to the price in Truganina (suburbs), this has fallen considerably in the last 6 months. In our first sample month during September, the average price is $12,332. In October This price remains at $12,335. During the following two months (November, December) the average price had a considerable fall of 20 % 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 $7,387.5 to $510.5, which means a 7 % 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 $506 they are 35 % more affordable than the average price for Truganina . The properties with the highest average price have 4 bedrooms, Their price is 5 % more expensive than the average. After that we have properties with 3 bedrooms priced at $467.
With regard to the average price per m², those properties with 4 bedrooms are the most affordable ones at a cost of $0.47 / m², with an average $0.5 / m² price in Truganina. The properties with the most expensive average prices have 1 bedroom. They are 110 % more expensive than the average followed by properties with 2 bedrooms with a price at $0.86 / m².
With regard to the average price based on the property in Truganina we can see that the least affordable type of property is "House" at $510, which is 1 % more expensive than the average price. "House" has the most expensive price. This price is 1 % more expensive 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 $0.5 / m². "House" with an average price of $0.5 / m² has the most affordable price and would be directed at less affluent cities.