The rent prices in real estate in Bakewell, in the Northern Territory 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 Bakewell has had a strong fall during the last 6 months. In October, the average price per m² was $0.69. In November this price barely changed remaining at $0.69 per m². The price for the following two months in (December, January) had a considerable fall of 43 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 $0.49 to during February, and March.
When referring to the price in Bakewell (suburbs), this has fallen considerably in the last 6 months. In our first sample month during October, the average price is $473. In November This price remains at $473. During the following two months (December, January) the price has had an average rise from $473 to $521. During the last two months the average price has fallen greatly compared to the previous four going from $497 to $233.5, which means a 47 % fall.