The rent prices in real estate in Balga, 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 Balga has risen strongly during the last 6 months. In October, the average price per m² was $0.56. In November this price barely changed remaining at $0.56 per m². The price for the following two months in (December, January) had a considerable rise of 255 %. The price per m² has had a considerable fall of 53 % 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 to $0.52 during February, and March.
When referring to the price in Balga (suburbs), this has fallen in the last 6 months. In our first sample month during October, the average price is $468. In November This price remains at $470. During the following two months (December, January) the price has had an average rise from $469 to $495.5. During the last two months the average price has fallen greatly compared to the previous four going from $482.25 to $285, which means a 59 % fall.