The rent prices in real estate in Blacktown, in the New South Wales 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 Blacktown has risen strongly during the last 6 months. In October, the average price per m² was $0.99. In the following month the price per m² rose considerably to $50.77. The price for the following two months in (December, January) had a considerable rise of 274 %. The price per m² has had a considerable fall of 7 % 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 $48.36 to $3.21 during February, and March.
When referring to the price in Blacktown (suburbs), this has risen considerably in the last 6 months. The average price during our first sample month during October, is $505. During November the price went through a considerable rise reaching $4,268. During the following two months (December, January) the average price had a considerable rise of 325 % 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 $5,070.5 to $765, which means a 15 % fall.