The rent prices in real estate in Bendigo, in the Victoria 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 Bendigo has risen strongly during the last 6 months. In October, the average price per m² was $0.8. In November this price barely changed remaining at $0.8 per m². The price for the following two months in (December, January) had a considerable rise of 359 %. The price per m² has had a considerable fall of 32 % 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 $1.84 to $0.6 during February, and March.
When referring to the price in Bendigo (suburbs), this has risen in the last 6 months. In our first sample month during October, the average price is $513. In November This price remains at $518. During the following two months (December, January) the average price had a considerable rise of 134 % with regard to the previous two months. During the last two months, the average price has fallen with regard to the previous ones. To be precise it has fallen 87 %, going from $603.5 to $522.5 in February and March.