Property prices for rent in Wembley Downs (Western Australia)
The rent prices in real estate in Wembley Downs, in the Western Australia 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 Wembley Downs has risen strongly during the last 6 months. In October, the average price per m² was $1.03. In November this price barely changed remaining at $1.03 per m². In the following two months the price per m² has risen 106 %, going from $1.03 to $1.09 per m². The price per m² has had a considerable rise of 767 % 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 $1.06 to $8.14 during February, and March.
When referring to the price in Wembley Downs (suburbs), this has risen considerably in the last 6 months. In our first sample month during October, the average price is $775. In November This price remains at $786. During the following two months (December, January) the average price had a considerable rise of 128 % with regard to the previous two months. Based on an analysis of the first four prices and the last two months the average price has had a strong increase of 174 % during the last two months.
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 $1,656 they are 74 % more affordable than the average price for Wembley Downs . The properties with the lowest average price have 4 bedrooms, Their price is 37 % more affordable than the average. After that we have properties with 3 bedrooms priced at $780.
According to average price per property type in Wembley Downs, "" priced at $804 is 51 % lower than the average price ($1,656) in this city.
