The rent prices in real estate in Balwyn, in the Victoria 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 Balwyn has had a strong fall during the last 6 months. In October, the average price per m² was $0.92. In November this price barely changed remaining at $0.93 per m². The price for the following two months in (December, January) had a considerable fall of 53 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 $0.71 to during February, and March.
When referring to the price in Balwyn (suburbs), there have hardly been any changes in the last 6 months. In our first sample month during October, the average price is $585. In November This price remains at $576. During the following two months (December, January) the price has had an average rise from $580.5 to $611. During the last two months, the average price has barely gone through any changes with regard to the previous average values going from an average value of $595.75 and $576 between February and March.