The rent prices in real estate in Banksia Grove, in the Western Australia 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 Banksia Grove has had a strong fall during the last 6 months. In October, the average price per m² was $3.74. In the following month the price per m² fell considerably to $0.98. In the following two months the price per m² has risen 108 %, going from $2.36 to $2.54 per m². The price per m² has had a considerable fall of 26 % 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 $2.45 to $0.64 during February, and March.
When referring to the price in Banksia Grove (suburbs), this has fallen considerably in the last 6 months. The average price for October is $4,313. During November the price had a considerable fall till $573. During the following two months (December, January) the average price had a considerable rise of 118 % with regard to the previous two months. During the last two months the average price has fallen greatly compared to the previous four going from $2,664.5 to $630.5, which means a 24 % fall.