The rent prices in real estate in Beechworth, 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 Beechworth has had a strong fall during the last 6 months. In November, the average price per m² was $0.54. In the following month the price per m² rose to $0.57. The price for the following two months in (January, February) had a considerable fall of 0 with regard to the previous two months. The price per m² has had a considerable fall of 74 % 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 $0.28 to $0.2 during March, and April.
When referring to the price in Beechworth (suburbs), this has risen in the last 6 months. In our first sample month during November, the average price is $453. In December This price remains at $437. In the following two months the average price has hardly changed with regard to the previous two months from $445 to $460. Based on an analysis of the first four prices and the last two months the average price has increased 115 % during the last two months.