Property prices for rent in Williamstown (Victoria)
The rent prices in real estate in Williamstown, 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 Williamstown has risen strongly during the last 6 months. In October, the average price per m² was $1.02. In November this price barely changed remaining at $1.04 per m². The price for the following two months in (December, January) had a considerable fall of 49 with regard to the previous two months. The price per m² has had a considerable rise of 2035 % 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 $0.76 to $15.56 during February, and March.
When referring to the price in Williamstown (suburbs), this has risen considerably in the last 6 months. In our first sample month during October, the average price is $630. In November This price remains at $630. During the following two months (December, January) the average price had a considerable fall of 51 % 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 884 % 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 $7,751 they are 95 % more affordable than the average price for Williamstown . Based on the bedrooms values, properties with the most affordable rent prices are those with 3 bedrooms. They are 90 % more affordable than the average aforementioned.
