The rent prices in real estate in Buninyong, 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 Buninyong has had a strong fall during the last 6 months. In October, the average price per m² was $0.68. In November this price barely changed remaining at $0.68 per m². The price for the following two months in (December, January) had a considerable fall of 44 with regard to the previous two months. The price per m² has had a considerable fall of 45 % 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 $0.49 to $0.22 during February, and March.
When referring to the price in Buninyong (suburbs), this has fallen in the last 6 months. In our first sample month during October, the average price is $626. In November This price remains at $626. In the following two months the average price has hardly changed with regard to the previous two months from $626 to $602. During the last two months the average price has fallen greatly compared to the previous four going from $614 to $512.5, which means a 83 % fall.