The rent prices in real estate in Burwood, 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 Burwood has risen strongly during the last 6 months. In November, the average price per m² was $0.79. In the following month the price per m² rose considerably to $5.77. The price for the following two months in (January, February) had a considerable rise of 312 %. The price per m² has had a considerable fall of 75 % 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 $6.75 to $5.05 during March, and April.
When referring to the price in Burwood (suburbs), this has fallen considerably in the last 6 months. In our first sample month during November, the average price is $494. In December This price remains at $477. During the following two months (January, February) the average price fell 88 % 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 $456 to $206.5, which means a 45 % fall.