The rent prices in real estate in Balaclava, in the New South Wales 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 Balaclava has risen strongly during the last 6 months. In November, the average price per m² was $1.01. In the following month the price per m² fell considerably to $0.74. The price for the following two months in (January, February) had a considerable fall of 57 with regard to the previous two months. The price per m² has had a considerable rise of 955 % 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 $0.69 to $6.57 during March, and April.
When referring to the price in Balaclava (suburbs), this has risen in the last 6 months. The average price for November is $728. During December the price had a slight fall till $640. During the following two months (January, February) the average price had a considerable fall of 53 % 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 238 % during the last two months.