The rent prices in real estate in Merimbula, in the New South Wales 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 Merimbula has had a strong fall during the last 6 months. In October, the average price per m² was $0.62. In November this price barely changed remaining at $0.65 per m². The price for the following two months in (December, January) had a considerable fall of 34 with regard to the previous two months. The price per m² has had a considerable fall of 0 % 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 $0.43 to during February, and March.
When referring to the price in Merimbula (suburbs), this has fallen in the last 6 months. The rent price in October is $365, rising in November till $392. In the following two months the average price has hardly changed with regard to the previous two months from $378.5 to $382. During the last two months the average price has fallen greatly compared to the previous four going from $380.25 to $234, which means a 62 % fall.